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According to the traditional ordo-liberal view of the Freiburg School, the central role of the state in economic affairs is to set up rules that create a competitive order within which private actors have sufficient incentives to coordinate their economic affairs efficiently. Underlying this...
Persistent link: https://www.econbiz.de/10011607117
This paper advances a new technique for identifying, delineating, and analyzing microgeographies. It applies this technique to locate and measure agglomerations of high-growth, high-tech (HGHT) startup activity within 205 U.S. cities. Using data from 1995 to 2018 on venture-backed companies, I...
Persistent link: https://www.econbiz.de/10014101747
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How can labour market institutions make workers confident about their economic future? While quantitative studies have … security, these studies did not explain how these institutions affect workers' perceptions and expectations. This study seeks …
Persistent link: https://www.econbiz.de/10012140355
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We show that isolated capital cities are robustly associated with greater levels of corruption across US states. In particular, this is the case when we use the variation induced by the exogenous location of a state's centroid to instrument for the concentration of population around the capital...
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This paper reviews the political economy of extractive resources and the associated resources sector governance agenda …. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is … premised on the understanding that institutions matter for development. However, there is no straightforward answer to the …
Persistent link: https://www.econbiz.de/10011595705
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This text provides an assessment of the U.S. government's war on terror. It discusses the origins of the war, discuss whether it can be judged a success or failure, and consider some of the main effects both abroad and within the United States. It concludes with a discussion of several areas for...
Persistent link: https://www.econbiz.de/10014466771