Economic growth, viewed as a result of the dynamic where production of knowledge forms, power relations and institutions intercross, has been a preoccupation of the economic science from the different approaches and theories. This empirical-analytical study uses econometric modeling of Panel...

Competition and a competitive environment serve as a crucial foundation for the effective use of resources and the growth of economy, pushing enterprises to be more efficient, limit costs, and spend more in inventing and developing new goods. Customers may obtain more advantages at a lesser cost...

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Transaction costs have become a major topic of research in the last decades. However, there is still a great shortage of empirical approaches to their effects on the economic performance. A short review of these empirical studies indicates that the impact of transaction costs on economic growth...

The effects of the quality of institutions on economic development and comparative advantage have been so far investigated separately. This paper proposes a theoretical framework in which trade patterns and growth rates are jointly determined by international differences in contract enforcement...

My main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not...

We hypothesize, that power centralisation in a political system leads to more corruption due to the <p> monopoly power status of bureaucrats. Corruption again would then lead to a lower level of social capital, <p> here measured as trust, and slow down economic growth even further. Indeed, when...</p></p>

We use a new dataset from Burundi to analyze the role of local institutions as determinants of income, distinguishing between three distinct dimensions of the institutional framework: (i) property rights security, (ii) local political leadership and (iii) social capital. Using measures of...

Do patents behave substantially like property rights in tangible assets, in that they encourage development and innovation? This article notes that historical evidence, cross-country evidence, economic experiments, and estimates of net benefits all indicate that general property rights...

This paper synthesizes our results from work on growth in the Americas and especially on the former slave regions. Firstly, we found that significant differences in GDPpp emerged only after slavery was abandoned. At abolition, there was a fall in almost all of them but most started to grow...