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contribute to Chinese urbanization. Finally, we show that better institutions in Concessions facilitated the emergence of modern …
Persistent link: https://www.econbiz.de/10012099167
This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …-colonial development, and I provide different estimation models to reveal a robust and causal relationship between good institutions and …
Persistent link: https://www.econbiz.de/10012140485
We studied the population dynamics of producers and parasites in a developing economy through the Lotka–Volterra model. Our baseline model found a cyclical equilibrium between these two groups of agents. When the equilibrium output is low, we propose that economy is in a poverty trap, such...
Persistent link: https://www.econbiz.de/10011858443
This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …-colonial development, and I provide different estimation models to reveal a robust and causal relationship between good institutions and …
Persistent link: https://www.econbiz.de/10011892110
Natural disasters are a challenge for good governance - this is the result of recent research investigating the effects of natural disasters on one important antagonistic force to good governance, public corruption. However, a specific analysis of droughts is so far neglected in this young...
Persistent link: https://www.econbiz.de/10011929834
While markets are all around us, not all markets are the same. Markets come in a variety of colors based on the legality of activities in the specific market. As such, there is no market economy per se, but instead various shades of markets. The different shades of markets that are evidenced in...
Persistent link: https://www.econbiz.de/10014612503
I reconsider the primacy of institutions over geography as an explanatory factor of cross-country differences in … specifications and samples. Unbiased estimates of the relative performance effects of institutions and malaria prevalence are … difficult to obtain due to a lack of independent instrumental variables. Conditional on a restricted effect of institutions, my …
Persistent link: https://www.econbiz.de/10010265632
Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of … a transactions-based economy with contracts preceding the transactions, and show that any one of (1) institutions, (2 …
Persistent link: https://www.econbiz.de/10010265978
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010267484
This paper emphasizes that the evolution of religious institutions in Europe was influenced by the expansionary threat …
Persistent link: https://www.econbiz.de/10010267547