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A number of recent papers study the impact of institutions, trade and geography known as “deep determinants” of … term. We find that the quality of institutions and openness to trade both have positive and statistically significant … to have the strongest impact, followed by openness to trade measures. In comparison, geography measures have rather small …
Persistent link: https://www.econbiz.de/10005656595
models, controlling for the “deep determinants” of development: Institutions, geography and trade. Our results indicate that …
Persistent link: https://www.econbiz.de/10005656603
and informal knowledge transfers (cf. Ehrlich and Murphy 2007). The conjecture is that the ascendancy of the US as an …
Persistent link: https://www.econbiz.de/10011804538
The paper discusses the differences among countries of the Eurozone which impede growth. The paper offers solutions aimed at encouraging economic convergence to a higher level of standard of living. Economic disparity throughout the region has increased due to the global financial crisis. A...
Persistent link: https://www.econbiz.de/10013027195
Indigenous governments in Canada are increasingly authorized to adopt laws that convert communally held lands to individual fee simple. They will convert title to fee simple in order to obtain the economic benefits commonly associated with private ownership and its securitization. However,...
Persistent link: https://www.econbiz.de/10013045103
of the economy and in society, thereby weakening the momentum for continual structural reform. It is important to …
Persistent link: https://www.econbiz.de/10013031826
We establish the relationship between property rights and income inequality within 22 former European colonies. The key, unexpected result is: stronger property rights are associated with higher income inequality levels. We provide plausible explanations for these findings
Persistent link: https://www.econbiz.de/10012718026
Microcredit is a widely practiced, widely revered technique of international development. It aims to increase incomes of the poor by giving them access to capital which can be used to create small businesses or other productive economic activity. Microcredit, despite its partly "market" approach...
Persistent link: https://www.econbiz.de/10014113245
Microcredit is a widely practiced, widely revered technique of international development. It aims to increase incomes of the poor by giving them access to capital which can be used to create small businesses or other productive economic activity. Microcredit, despite its partly market approach...
Persistent link: https://www.econbiz.de/10014116952
This paper examines the role of money in market and centrally planned economies. It then proposes a program and sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian redistribution of the state's custodial assets to its citizens is...
Persistent link: https://www.econbiz.de/10005407703