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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
are guided by formal institutions as well as informal norms and values. As this survey shows, there is great regional … heterogeneity in gender inequality in formal and informal social institutions. The literature on long‐term drivers of gender gaps …, political and economic empowerment, access to resources, and social institutions on development outcomes. The paper then shows …
Persistent link: https://www.econbiz.de/10011518240
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Persistent link: https://www.econbiz.de/10009611843
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10011450834
Persistent link: https://www.econbiz.de/10011499220
all. Our empirical evidence does, however, support not only the "primacy of institutions" view, but also the important …
Persistent link: https://www.econbiz.de/10011406570
this paper we frame our starting question within the general debate about the importance of good/bad institutions as … are in fact driven by the presence of growth enhancing institutions. Our empirical analysis exploits newly available … institutions is important for growth. Yet our results strongly suggest that the weight of tourism in an economy is an independent …
Persistent link: https://www.econbiz.de/10011575139
This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
Persistent link: https://www.econbiz.de/10011668293
institutions have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by …
Persistent link: https://www.econbiz.de/10012205933