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Institutional hierarchies and economic growth: A bundled approach

Helfer, Helena - 2022

Theoretical and empirical evidence on the relationship between institutions and economic prosperity remains ambiguous, even though it has been part of scholarly discourse for decades. The present study adds to this discussion by introducing a bundled approach for measuring institutions. This...

Persistent link: https://www.econbiz.de/10013465066

Drivers of economic growth: The special case of Sub-Saharan Africa

Helfer, Helena - 2022

While global studies on drivers of economic growth are useful to derive global tendencies, a more insightful analysis that leads to explicit policy implications is possible when investigating smaller entities. In this study, we focus on a panel of 40 African countries located in the Sub-Saharan...

Persistent link: https://www.econbiz.de/10013465067

Democracy as a Curve : The Dynamic Effects of Democratization on Economic Growth

Alpalhão, Henrique - 2019

-linearities. I adopt and explore the concept of “political capital” as a measure of democracy, which is extremely uncommon in the … intermediate democracy level. For more evolved democracies, further democratization may impact growth negatively, negligibly or … when accounting for more and less direct effects of democracy. Results for the more direct avenue are more optimistic …

Persistent link: https://www.econbiz.de/10012899600

Democracy and institutional quality : theory and evidence

Krieger, Tommy - 2019

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 …

Persistent link: https://www.econbiz.de/10012236426

Parliamentary vs. Presidential Democracy : Does it Make Difference at the Local Level Economic Development? Evidence from India

Jadhav, Amit - 2023

This paper examines the effect of direct elections in the village councils in Maharashtra, India, on economic development policies. The state government shifted its village councils' election to elect Chairpersons from indirect to direct elections. I exploit the staggered timing of the direct...

Persistent link: https://www.econbiz.de/10014263649

Institutional interactions and economic growth: The joint effects of property rights, veto players and democratic capital

Justesen, Mogens K.; Kurrild-Klitgaard, Peter - Volkswirtschaftliche Fakultät, … - 2013

We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...

Persistent link: https://www.econbiz.de/10011112508

Divergence tendencies in the European integration process : a danger for the sustainability of the E(M)U?

Glawe, Linda; Wagner, Helmut - In: Journal of risk and financial management : JRFM 14 (2021) 3/104, pp. 1-22

The European integration process started with the aim of reducing the differences in income and/or living standards between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as a necessary precondition. While the goal of this...

Persistent link: https://www.econbiz.de/10012485017

Voracity and Growth Reconsidered

Strulik, Holger - 2009

This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...

Persistent link: https://www.econbiz.de/10010301471

Voracity and growth econsidered

Strulik, Holger - 2008

Persistent link: https://www.econbiz.de/10010265685

Patience and prosperity

Strulik, Holger - 2009

This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more...

Persistent link: https://www.econbiz.de/10010270036