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Persistent link: https://www.econbiz.de/10010335154
The Varieties of Capitalism literature has drawn little attention to industrial renewal and diversification, while the related diversification literature has neglected the institutional dimension of industrial change. Bringing together both literatures, the paper proposes that institutions have...
Persistent link: https://www.econbiz.de/10010942927
The Varieties of Capitalism literature has drawn little attention to industrial renewal and diversification, while the related diversification literature has neglected the institutional dimension of industrial change. Bringing together both literatures, the paper proposes that institutions have...
Persistent link: https://www.econbiz.de/10011251901
No abstract.
Persistent link: https://www.econbiz.de/10010684524
This article shows how institutional quality can affect the relationship between trade and growth. Our model looks at an economy in which the export sector is a high-innovation sector. In this economy, a government that is politically threatened by innovation can use its tariff policy to block...
Persistent link: https://www.econbiz.de/10010555923
This paper assesses the heterogeneous effects of immigration on economic growth depending on both the origin and the destination countries. Following the development of a simple growth model augmented by the embodied human capital of immigrants, we estimate the growth equation using both a...
Persistent link: https://www.econbiz.de/10010586117
This chapter explores the Kaldorian approach to endogenous growth theory. The central principles of this approach are explored, including the claims that growth is: (a) demandled, with trade playing a central role in aggregate demand formation; and (b) pathdependent. It is shown that both the...
Persistent link: https://www.econbiz.de/10008572612
A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This paper argues that success in a capitalist economy depends...
Persistent link: https://www.econbiz.de/10010274948
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … the transition process. But what have been the determinants of this financial volatility? This paper posits that … volatility in transition. Examining 20 transition economies over various time-frames within the period 1993-2012, this paper …
Persistent link: https://www.econbiz.de/10012148723
Twelve years into transition process, Serbia doesn’t have consistent, if any, let alone coherent economic development … policy. This review is therefore aimed at Serbian (and alike transition countries’) policy-makers and stake-holders in an …
Persistent link: https://www.econbiz.de/10010969068