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Persistent link: https://www.econbiz.de/10001600287
In diesem Beitrag wird zunächst das Wirtschaftswachstum Lateinamerikas im Zeitraum 1950-2001 im internationalen Vergleich untersucht. Daran schließt sich eine Analyse der Industrie- und Handelspolitik, der makroökonomischen Stabilisierung und der institutionellen Entwicklung in den...
Persistent link: https://www.econbiz.de/10011495369
Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
In this paper we revisit the debate over the relative contribution of different types of institutions in economic growth. We find that the existing study (Acemoglu and Johnson 2005) linking property rights institutions and contracting institutions to long-run growth suffers from identification...
Persistent link: https://www.econbiz.de/10012733012
We estimate a finite mixture model in which countries are sorted into groups based on the similarity of the conditional distributions of their growth rates. We strongly reject the hypothesis that all countries follow a common growth process in favor of a model in which there are four classes of...
Persistent link: https://www.econbiz.de/10014221991
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed … of world GDP- and trade growth after the depression. Of course, whether SABT are not merely potentially in a position to … create a brighter future for their people and the world economy but can transform such potentials into reality, depends on …
Persistent link: https://www.econbiz.de/10008663672
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10003809737
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed … locomotives of world GDP- and trade growth after the depression. Of course, whether SABT are not merely potentially in a position … to create a brighter future for their people and the world economy but can transform such potentials into reality …
Persistent link: https://www.econbiz.de/10003940299
Using a panel of up to 116 countries from 1970-2010 we estimate the effects of foreign aid flows on a variety of measures of institutional quality. We find that aid flows are associated with the deterioration of both political and economic institutions. Regarding the latter, aid flows are...
Persistent link: https://www.econbiz.de/10013066104
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10014060728