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Are cultural differences good or bad for economic development? Can cultural differences generate conflicts and, therefore, retard economic development? Or can cultural diversity spur creativity and improve economic welfare? These are the type of questions that this chapter addresses. There are...
Persistent link: https://www.econbiz.de/10014025396
In their survey of the literature on ethnic fractionalization and economic performance, Alesina and La Ferrara (JEL … ethnic fractionalization on economic growth across countries using unique time-varying measures. We first replicate the … latitude), it shows a significant negative impact on economic growth which is robust to different specifications, polarization …
Persistent link: https://www.econbiz.de/10010274538
fractionalization is a strong predictive measure for the direct effect of ethnicity on growth, whereas the concept of ethnic … polarization has non-negligible indirect economic effects through the specified channel variables. …
Persistent link: https://www.econbiz.de/10010435690
the concept of ethnic fractionalization is a strong predictive measure for the direct effect of ethnicity on growth …, whereas the concept of ethnic polarization has non-negligible indirect economic effects through the specified channel …
Persistent link: https://www.econbiz.de/10009733469
This article investigates economic performance when enforceable propertyrights are missing and basic needs matter for consumption. It suggests anew view of the so-called voracity eect according to which windfall gains inproductivity induce behavior that leads to lower economic growth. Takinginto...
Persistent link: https://www.econbiz.de/10009302589
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...
Persistent link: https://www.econbiz.de/10009763283
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...
Persistent link: https://www.econbiz.de/10013035397
This survey reviews the recent research on trust, institutions, and economic development. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that explain the influence of trust on economic performance...
Persistent link: https://www.econbiz.de/10014025609
Persistent link: https://www.econbiz.de/10013464516
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10010286191