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One frequently given explanation for why autocrats maintain corrupt and inefficient institutions is that the autocrats benefit personally even though the citizens of their countries are worse off. The empirical evidence does not support this hypothesis. Autocrats in countries with low-quality...
Persistent link: https://www.econbiz.de/10012999732
The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) using...
Persistent link: https://www.econbiz.de/10014214172
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The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
Persistent link: https://www.econbiz.de/10011708126
In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...
Persistent link: https://www.econbiz.de/10014233623
"In contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies. The book … ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired changes … capitalism, with a particular focus on asymmetries between actors, regions and topics. In fact, its topical issue broadens the …
Persistent link: https://www.econbiz.de/10012315288
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The World Values Survey contains an item on ownership, which is polled 200 times in 92 countries at the four waves of … 1990, 1995, 2000 and 2005. It is developed into the CS-score that measures the aggregate mass support for capitalism and …-minded area of the world. (A2) It is associated with the institutions of the country such as legal quality. (A3) It is related to …
Persistent link: https://www.econbiz.de/10014199558
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