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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
Institutions, defined as "the rules of the game in society", drive economic growth and prosperity. Institutions often … financial systems, contract enforcement) and informal (traditions, taboos, codes of conduct) institutions. Church …-state relationships hundreds of years ago affect informal institutions like work ethic, preferences for rationality or spirituality, and …
Persistent link: https://www.econbiz.de/10014580665
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
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
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
-colonial autocratic institutions within ethnic groups and the emergence of autocratic institutions across countries. Diversity has … amplified the importance of institutions in mitigating the adverse effects of non-cohesiveness on productivity, while … contributing to the scope for domination, leading to the formation of institutions of the autocratic type. …
Persistent link: https://www.econbiz.de/10011645955
-colonial autocratic institutions within ethnic groups and the emergence of autocratic institutions across countries. Diversity has … amplified the importance of institutions in mitigating the adverse effects of non-cohesiveness on productivity, while … contributing to the scope for domination, leading to the formation of institutions of the autocratic type. …
Persistent link: https://www.econbiz.de/10011670896
The paper aims to assess the impact of regulations (measured by the Fraser Institute index of economic freedom) on economic growth in the world as well as in EU and post-socialist countries. The method of the analysis is based on growth regressions where economic freedom is included in the set...
Persistent link: https://www.econbiz.de/10011890508
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
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration …
Persistent link: https://www.econbiz.de/10012205937