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We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracies on economic institutional quality increases in people's human capital. Using a panel data set that covers …
Persistent link: https://www.econbiz.de/10013342090
examine the long-run effects of the political institutional framework on trade for a panel of 87 countries for the period from … 1990 to 2007. We employ recent panel econometric methods for testing and estimating in the presence of non …-stationarity, investigate panel causality and use methods that are robust to slope heterogeneity. Our results imply that an improved political …
Persistent link: https://www.econbiz.de/10011436785
Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...
Persistent link: https://www.econbiz.de/10013271092
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...
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This paper updates and extends the work of Barro (2000). International data confirm the presence of the Kuznets curve-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the 2000s. The direct effect of international openness...
Persistent link: https://www.econbiz.de/10011282136
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