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In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...
Persistent link: https://www.econbiz.de/10010472517
, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for …
Persistent link: https://www.econbiz.de/10014024286
This survey reviews the recent research on trust, institutions, and economic development. It discusses the various … recent progress to identify how institutions and policies can affect trust. …
Persistent link: https://www.econbiz.de/10014025609
exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion …
Persistent link: https://www.econbiz.de/10010818548
exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion …
Persistent link: https://www.econbiz.de/10010320373
This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...
Persistent link: https://www.econbiz.de/10011260637
characteristics with rich countries. Good institutions such as strong property rights and rule-of-law are key amongst those … those institutions to developing countries. Worse, good informal institutions seem to be a necessary condition for formal … institutions to "stick". However, to the extent that good institutions can arise as a "spontaneous order" from individuals …
Persistent link: https://www.econbiz.de/10010796069
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … market and the product market. The last part reviews recent progress to identify how institutions and policies can affect …
Persistent link: https://www.econbiz.de/10010766380
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. …
Persistent link: https://www.econbiz.de/10010736742
This paper provides an analytic review of selected contributions to the study of institutions and economic growth. We …, Johnson and Robinson. We discuss the work of Rodrik and others who focus on institutions and institutional reform and take … new theoretical frameworks by North, Wallis and Weingast and Khan that relate the structure of institutions to short …
Persistent link: https://www.econbiz.de/10010856392