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country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the … receiving territories are characterized by cultural traits in conflict with those embedded in the imported institutions. We … French institutions in Protestant areas. Then, using hand-collected data on pre-Napoleonic reigns we show that kingdoms with …
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This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
Persistent link: https://www.econbiz.de/10014635955
The government's ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews … the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1 …, and inclusive political institutions to inform and monitor policymaking …
Persistent link: https://www.econbiz.de/10012604784
This paper analyses the hypothesis that the robust relationship between trust - as measured by the World Values Survey …; Beugelsdijk, de Groot, & van Schaik, 2004; Dearmon & Grier, 2009) in fact captures the well-functioning of institutions. Our … results reveal that the correlation between trust and economic growth is robust in terms of statistical significance and sign …
Persistent link: https://www.econbiz.de/10010286474
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
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, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for …
Persistent link: https://www.econbiz.de/10014024286