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Institutions affect investment decisions, including investments in human capital. Hence institutions are relevant for … the allocation of talent. Good market-supporting institutions attract talent to productive value-creating activities … individuals are particularly sensitive in their career choices to the quality of institutions, and test these predictions on a …
Persistent link: https://www.econbiz.de/10010720526
The decrease in the rule of law and in control of corruption in several EU countries is a threat to the cohesion in the EU. Brexit has reinforced the centrifugal forces in the EU. To counter this threat the EU needs to engage in unpopular measures as they infringe on the Member States'...
Persistent link: https://www.econbiz.de/10011637943
Among economists, the view that precisely defined and reliably enforced property rights are generally conducive to economic growth has been quasi-unanimous. But recently, some authors have argued that the relationship is more complex than previously acknowledged: property rights reforms might,...
Persistent link: https://www.econbiz.de/10010662542
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011314189
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
institutions, namely formal rules (constitution, judiciary, political system) as well as “personality-based” informal rules … (tribalism, wasta) might explain the middle-income growth trap. More precisely, we highlight that informal institutions, as well … as the distorted use of formal institutions, are a by-product of the process of state formation. They play a part in the …
Persistent link: https://www.econbiz.de/10011240797
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
Drawing from the literature on the determinants of corruption, this article examines the relationship between corruption and the nature of state of fragility. Robust empirical evidence shows a correlation between the level of corruption and state fragility. In a further assessment with the...
Persistent link: https://www.econbiz.de/10011260010
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …
Persistent link: https://www.econbiz.de/10009283392