This paper analyzes periods of economic stagnation in a panel of countries. We test whether stagnation can be predicted … traditional macroeconomic variables. We examine the determinants of stagnation episodes using dynamic linear and non-linear models …. In addition, we analyze whether the effects of the included variables on the onset of stagnation differ from the effects …

institutions on the frequency of the four growth regimes: stable growth, stagnation, crisis and miracle-like fast growth. The … role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and … results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size …

Tebaldi & Mohan (2010, JDS) have established an empirical nexus between institutions and monetary poverty. We first … underlying study that institutions could have an indirect effect on multidimensional poverty. In other words, the poverty … eradication effect of institutions is through income-average as opposed to income-inequality. We discuss the confirmed findings in …

Over the last couple of decades, it has become a commonplace to claim that institutions matter" for economic … development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held … by substantial parts of society’s members are an important determinant of its institutions. It is further argued that …

institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …

, Bosnia and Herzegovina, Kosovo*, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. Sound institutions … the quality of their institutions and economic governance over the past decade, it is crucial that they preserve the …

We study economies where improving the quality of institutions - modeled as improving contract enforcement - requires …

institutions have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by …

The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration …) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many …