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independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely …
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Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...
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courts. Contracts can be enforced by reputation, without recourse to the courts. Similarly, the government can protect … ineffective. Thus, economic growth often starts without strong courts, and efforts to improve the quality of the judiciary are …
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