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Tolerance has the potential to affect both economic growth and wellbeing. It is therefore important to discern its determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market-oriented is related to different measures of...
Persistent link: https://www.econbiz.de/10010320221
Existing studies of entrepreneurship focus on entrepreneurs whose individual contribution to wealth creation is typically trivial: self-employed persons. This paper investigates entrepreneurs whose individual contribution to wealth creation is enormous: billionaires. We explore the relationship...
Persistent link: https://www.econbiz.de/10010320224
Social and cultural determinants of economic institutions and outcomes have come to the forefront of economic research. We introduce religiosity, measured as the share for which religion is important in daily life, to explain institutional quality in the form of property rights and the rule of...
Persistent link: https://www.econbiz.de/10010320238
This paper discusses allocation of burden of proof in environmental disputes in the WTO system. Besides laying down the natural principles that (i) the complainant carries the burden to (ii) make a prima facie case that its claim holds, WTO adjudicating bodies have said little of more general...
Persistent link: https://www.econbiz.de/10010320268
Central banks have been made more independent in many countries. A common rationale has been the existence of a credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social trust and central-bank independence. Our empirical...
Persistent link: https://www.econbiz.de/10010320270
Using panel data from more than 100 countries around the world from 1988 through 2007, this paper examines the … developed by Dreher (2006) and the World Bank poverty estimates. Using a fixed-effect panel based on five-year averages and …
Persistent link: https://www.econbiz.de/10010320297
growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We …
Persistent link: https://www.econbiz.de/10010320301
Relying on Forbes Magazine annual rankings for two decades, 1625 billionaires and their countries of birth and residence are identified, most of whom are self-made entrepreneurs. 13 percent of billionaires reside in a country other than that of their birth. Migration is linked to distance, to...
Persistent link: https://www.econbiz.de/10010320317
The International Award for Entrepreneurship and Small Business Research was instituted in 1996, and it is now firmly established as the leading Prize for outstanding research contributions in the area. Thanks to a generous donation from the Swedish entrepreneur Rune Andersson it has been...
Persistent link: https://www.econbiz.de/10010320349
effects of its own investment, while treating other countries' investments as given. Average world growth is endogenous, as is … general equilibrium model of the world which has externalities: each country invests in TFP and internalizes the dynamic …-run differences in TFP levels and that, in the long run, the world distribution of TFP across countries may be asymmetric, i.e., twin …
Persistent link: https://www.econbiz.de/10010320350