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Do institutions Matter for economic performance? : theoretical insights and evidence from Turkey
Çetin, Tamer; Çicen, Yildirim B.; Eryigit, Kadir Y. - 2016
This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011558534
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In Europe we trust?
Ritzen, Jozef M. M.; Haas, Jasmina - 2016
The decrease in the rule of law and in control of corruption in several EU countries is a threat to the cohesion in the EU. Brexit has reinforced the centrifugal forces in the EU. To counter this threat the EU needs to engage in unpopular measures as they infringe on the Member States'...
Persistent link: https://www.econbiz.de/10011516715
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From institutions to financial development and growth : what are the links?
Fernández, Andrés; Tamayo, César E. - 2015
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
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Declining trust in growing China : a dilemma between growth and socio-economic damage
Dai, Shuanping; Elsner, Wolfram - 2015
Declining general trust has become a serious social issue in China in recent years. This paper attempts to understand and analyze this social phenomenon from a social interaction perspective. Based on a repeated prisoners ́dilemma game on networks, it finds that the evolution of general trust...
Persistent link: https://www.econbiz.de/10010513367
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An evolutionary view on social innovation and the process of economic change
Reinstaller, Andreas - 2013
The concepts social innovation and social entrepreneurship have gained considerable attention both in different fields of academic research and in the context of the development of economic and social policies. However, despite its wide-spread use there does not exist a unique or at least widely...
Persistent link: https://www.econbiz.de/10010431695
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Turning Cheap Talk into Economic Growth : On the Relationship Between Property Rights and Judicial Independence
Voigt, Stefan - 2013
Among economists, the view that precisely defined and reliably enforced property rights are generally conducive to economic growth has been quasi-unanimous. But recently, some authors have argued that the relationship is more complex than previously acknowledged: property rights reforms might,...
Persistent link: https://www.econbiz.de/10013090895
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Higher Purpose, Incentives and Economic Performance
Thakor, Anjan V. - 2020
externality, crowding out higher-purpose investments by other firms, with profits nonincreasing in higher-purpose investments … decline and higher purpose investments by firms increase …
Persistent link: https://www.econbiz.de/10012849915
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Institutions, Trade and Growth : the Ancient Greek Case of Proxenia
Creanza, Pier Paolo - 2021
Recent scholarship contends that ancient Mediterranean economies grew intensively, contrary to standard Malthusian predictions. An explanation is Smithian growth spurred by reductions in transaction costs and increased trade flows. This paper argues that an ancient Greek institution, proxenia,...
Persistent link: https://www.econbiz.de/10013211035
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To what extent is the institutional environment responsible for worldwide differences in economic development
Próchniak, Mariusz - In: Contemporary economics 7 (2013) 3, pp. 17-38
economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …
Persistent link: https://www.econbiz.de/10010228513
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Institutions and entrepreneurship : empirical evidence for OECD countries
Khalilov, Latif; Yi, Chae-Deug - In: Entrepreneurial business and economics review : EBER 9 (2021) 2, pp. 119-134
Objective: The objective of the article is to test the bidirectional association of institutions and entrepreneurship … role of institutions in entrepreneurial activity, while ignoring the role of entrepreneurship in the building of … institutions. We estimate how institutions and entrepreneurship relate to each other and contribute to economic growth. For the …
Persistent link: https://www.econbiz.de/10012520176