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We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 …
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Drawing on institutional theory, this paper is aimed at providing further understanding and explanation to the Ghanaian telecom industry today. In particular the research sought to determine: how the industry was governed from the pre-reformation to the reformation period; the process of...
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Over the last few years, the world economy has gone through a severe period of economic downturn, the worst since the end of WWII. Although the crisis has been widely covered on the media, less common knowledge is the fact that the crisis has engendered responses in the economic systems, in the...
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