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The agricultural and the democratic transitions: causality and the roundup model
Gundlach, Erich; Paldam, Martin - 2009
Long-run development (in income) causes a large fall in the share of agriculture commonly known as the agricultural … transition. We confirm that this conventional wisdom is strongly supported by the data. Long-run development (in income) also …
Persistent link: https://www.econbiz.de/10010265234
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The agricultural and the democratic transitions : causality and the roundup model
Gundlach, Erich; Paldam, Martin - 2009
Long-run development (in income) causes a large fall in the share of agriculture commonly known as the agricultural … transition. We confirm that this conventional wisdom is strongly supported by the data. Long-run development (in income) also …
Persistent link: https://www.econbiz.de/10003838434
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Law, finance, economic growth and welfare : why does legal origin matter?
Asongu, Simplice A. - 2011
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10013137792
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The Agricultural and the Democratic Transitions Causality and the Roundup Model
Gundlach, Erich - 2015
Long-run development (in income) causes a large fall in the share of agriculture commonly known as the agricultural … transition. We confirm that this conventional wisdom is strongly supported by the data. Long-run development (in income) also …
Persistent link: https://www.econbiz.de/10013039512
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Should Market Liberalization Precede Democracy? Causal Relations between Political Preferences and Development
Grosjean, Pauline; Senik, Claudia - 2021
This paper is dedicated to the relation between market development and democracy. We distinguish contexts and … preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is … European Bank for Reconstruction and Development and the World Bank, in 28 post-Transition countries. Our identification …
Persistent link: https://www.econbiz.de/10013316944
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The Secular Religions of Progress
Nelson, Robert H. - 2013
Economics has never been, nor could it ever be, free of value judgments. The economy is not isolated from the rest of society, cordoned off from the lively world of competing beliefs and values. Rather, questions of the organization of the economy, and of the economic policies to be pursued, are...
Persistent link: https://www.econbiz.de/10014151000
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Do We See Convergence in Institutions? A Cross-Country Analysis
Savoia, Antonio; Sen, Kunal - 2015
Differences in the quality of institutions may explain differences in per capita income. Yet, we know relatively little on how institutions evolve. This paper contributes to such knowledge by testing for convergence in legal, bureaucratic and administrative institutional quality. Using...
Persistent link: https://www.econbiz.de/10014147912
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Foreign Direct Investment Under a Weak Rule of Law
Wang, Xiaozu; Xu, Lixin Colin; Zhu, Tian - 2012
We have developed a self‐enforcing contract model to show that better economic fundamentals can help an area or a region under a weak rule of law – but with order – to attract foreign direct investments (FDIs), whereas lowering taxes does not necessarily help. Using a cross‐region...
Persistent link: https://www.econbiz.de/10014168999
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Dodging the Grabbing Hand : The Determinants of Unofficial Activity in 69 Countries
Friedman, Eric; Johnson, Simon; Kaufmann, Daniel; … - 2001
Across 69 countries, higher tax rates are associated with less unofficial activity as a percent of GDP but corruption is associated with more unofficial activity. Entrepreneurs go underground not to avoid official taxes but to reduce the burden of bureaucracy and corruption. Dodging the Grabbing...
Persistent link: https://www.econbiz.de/10014034867