Showing 1 - 10 of 22,650
This paper proposes an original formal framework to analyze institutional evolution. Institutions have formal (F) and informal (N) aspects that may evolve at different paces, although eventually converging towards each other through an dynamic interactive process. N evolves with capital...
Persistent link: https://www.econbiz.de/10010276064
all countries, non-tradables were less relevant for aggregate productivity. The low productivity growth in peripheral EU … remain, implying a continuation of unsustainable growth patterns. This has implications for the European Commission … identify a link between sectoral growth asymmetries and the quality of domestic governance institutions. Especially differences …
Persistent link: https://www.econbiz.de/10011853250
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012745132
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical … evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation … concentrates on the impact of FDI inflows on growth and their effect mediated by income levels and the quality of the institutional …
Persistent link: https://www.econbiz.de/10012164840
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012696550
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical … evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation … concentrates on the impact of FDI inflows on growth and their effect mediated by income levels and the quality of the institutional …
Persistent link: https://www.econbiz.de/10012164555
all countries, non-tradables were less relevant for aggregate productivity. The low productivity growth in peripheral EU … remain, implying a continuation of unsustainable growth patterns. This has implications for the European Commission … identify a link between sectoral growth asymmetries and the quality of domestic governance institutions. Especially differences …
Persistent link: https://www.econbiz.de/10011775650
costs and effects of economic growth, and go on to analyse the balance between Institutions, Society and the Market. Also …
Persistent link: https://www.econbiz.de/10008490586
In this paper, we discuss the relationship between productivity, accumulation and institutions. We start from the idea that accumulation and productivity are connected by complex non-linear relations, which are amplified or attenuated by the system of rules that affects trade, decisions and...
Persistent link: https://www.econbiz.de/10010678551
The role of institutions in promoting economic growth and development has generated considerable interest among … researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM … econometric model. Specifically it attempted to test impact of two dimensions of institutions on growth using recently developed …
Persistent link: https://www.econbiz.de/10008567678