Das ifo Geschäftsklima für die gewerbliche Wirtschaft Deutschlands hat sich im August weiter leicht verbessert. Somit bekräftigt der ifo Geschäftsklimaindex seinen deutlichen Anstieg vom Juli. Die Unternehmen beurteilen ihre aktuelle Geschäftslage erneut positiver als im Vormonat....

International trade can foster economic development. This paper examines the link between immigration from developing countries to OECD countries and their bilateral trade; it also explores some possible mechanism behind this link. It uses a gravity equation for trade augmented by an immigrant...

The international development community has encouraged investment in physical and human capital as a precursor to economic progress. Recent evidence shows, however, that increases in capital do not always lead to increases in output. We develop a growth model where the allocation and...

A country's political and economic institutions are critical for economic prosperity. The literature abounds with institutional measures, precisely because institutions are multi dimensional. We use panel-unit-root and cointegration tests to examine the time-series properties of several...

In <em>Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History</em>, Douglass C. North, John Joseph Wallis, and Barry R. Weingast probe the organizational foundations of development. Outlining the properties of the "natural" and "open entry" societies, they highlight as...

Pohľad ekonomickej teórie na trvalo rýchly sociálnoekonomický rozvoj chudobnej rozvojovej krajiny na príklade rozvojovej stratégie Čínskej ľudovej republiky.

This paper is based on the hypothesis that to feel individually and collectively respected is vital to private and public happiness because, as well as the sensation of comfort that it produces, respect creates a favorable context both for the acquisition of capabilities and for the opportunity...

This paper goes beyond traditional political budget cycles studies by considering the impact of the election calendar on the composition of tax revenue (direct taxes versus indirect taxes) rather than on the global level. We develop a theoretical model, based on Drazen and Eslava (2010) to...

The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) by using...

The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The...