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Social Institutions and Economic Growth : Why England and Not China Became the First Modern Economy
Greif, Avner; Iyigun, Murat; Sasson, Diego L. - 2012
. This paper substantiates these claims by examining the role of social institutions in rendering England, and not China, the … growth model incorporating England's and China's pre-modern social institutions. The analysis also reveals that even when the …, particularly due to institutions' unforeseen consequences. Previous title: Risk, Institutions and Growth: Why England and Not China? …
Persistent link: https://www.econbiz.de/10014184873
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Risk, institutions and growth: Why England and not China?
Greif, Avner; Iyigun, Murat; Sasson, Diego - 2011
model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …
Persistent link: https://www.econbiz.de/10010278525
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Risk, institutions and growth : why England and not China?
Greif, Avner; Iyigun, Murat; Sasson, Diego - 2011
model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …
Persistent link: https://www.econbiz.de/10009235154
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Institutional Transformation and the Origins of World Income Distribution
Spruk, Rok - 2017
This paper presents an attempt to quantify institutional changes and examine the respective effects of de jure and de facto political institutions on the path of long-run economic growth and development for a large panel of countries in the period 1810–2000. Using factor analysis, latent...
Persistent link: https://www.econbiz.de/10012960341
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Roots of autocracy
Galor, Oded; Klemp, Marc P. B. - 2017
Exploiting a novel geo-referenced data set of population diversity across ethnic groups, this research advances the hypothesis and empirically establishes that variation in population diversity across human societies, as determined in the course of the exodus of human from Africa tens of...
Persistent link: https://www.econbiz.de/10011645955
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Political power, resistance to technological change and economic development : evidence from the 19th century Sweden
Tyrefors, Björn; Lindgren, Erik; Pettersson-Lidbom, Per - 2017 - This version: June 16, 2017
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
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Preparing Developed Democracies for Long-Run Economic Slowdowns
Burgess, Matthew; Carrico, Amanda; Gaines, Steven D.; … - 2021
Economic growth in the 19th and 20th centuries, following the Industrial Revolutions, was much faster than in preceding centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for bidirectional causation. Macroeconomic forecasts have...
Persistent link: https://www.econbiz.de/10013245417
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The impact of institutional features on R&D in business enterprise sector and sustainable growth
Ješić, Milutin; Jakšić, Miomir - In: Journal of central banking theory and practice 9 (2020) 3, pp. 61-76
The main goal of our study is to theoretically and empirically contribute to the analysis of relation between institutional features and R&D in business enterprise sector and consequently on sustainable economic growth. We exploited the available measures of institutional quality from World...
Persistent link: https://www.econbiz.de/10012306783
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Proximate, intermediate and ultimate causality: Theories and experiences of growth and development
Szirmai, Adam - United Nations University-Maastricht Economic Research … - 2012
For a better understanding of development, we are interested in why in the long run some countries or societies forge ahead, while others stagnate or fall behind. We are especially interested in the conditions under which growth and catch- up can be realised in developing countries. In section 1...
Persistent link: https://www.econbiz.de/10010712098
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To what extent is the institutional environment responsible for worldwide differences in economic development
Próchniak, Mariusz - In: Contemporary economics 7 (2013) 3, pp. 17-38
This study aims to assess to what extent the institutional environment is responsible for worldwide differences in economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The analysis covers 153 countries and the period 1994-2009....
Persistent link: https://www.econbiz.de/10010228513