Showing 1 - 10 of 77
Political and economic rights are envisaged as the outcome of an ongoing bargain between citizens and their rulers. Over the long run, this constitutive process shapes the development of both the economy and the state. Globalization, however, corresponds to a period where both the market and...
Persistent link: https://www.econbiz.de/10010706808
Digital technologies allow the implementation of more decentralized Property Rights (PR) systems as compared to those traditionally set-up by public authorities at the national level. The self-implementation of exclusive rights of use over information and the design of self-regulation by virtual...
Persistent link: https://www.econbiz.de/10010765454
two possible mechanisms through which political fragmentation of nation-states, namely federalism, might impact positively … regions in federal countries. We use a gravity equation running panel regressions to estimate the impact of federalism on … potentially correlated with federalism, a federalist system is found to increase international trade. We also find that separatism …
Persistent link: https://www.econbiz.de/10010707797
The process of development is linked to the rise of an integrated and competitive economy and polity that allow a maximal division of labor and innovation. This process relies on two intertwined dynamics. First, in the establishment of the rule of law, legal instruments are appropriated by those...
Persistent link: https://www.econbiz.de/10010706831
This work questions the nature of money through the analysis of a complex set of local monetary systems located in Argentina (trueque). It is based on both the reconstitution of the history of the main national trueque networks (meso-level) and the observation of the monetary and financial...
Persistent link: https://www.econbiz.de/10011074644
Persistent link: https://www.econbiz.de/10010799289
During the three past decades, most developing countries have opted for both a higher degree of political democracy as well as increased trade openness. This trend raises the question of the effect of democracy on trade liberalization. To address the question, this paper proposes a theoretical...
Persistent link: https://www.econbiz.de/10011074527
The relationship between law and economic development remains enigmatic. Broadly speaking, there is no doubt that legal mechanisms for social control (or ‘institutions’, to use North's words) play a major role. Nevertheless, the impact of legal organization on economic development has not...
Persistent link: https://www.econbiz.de/10010708389
The chapter focuses on the crisis in the countries of eastern Europe, starting with the ‘transition’ to capitalism at the end of the 1980s. The concept of ‘core and periphery’ played an important role in the building of the EU. What were the consequences of EU-membership for the...
Persistent link: https://www.econbiz.de/10011072460
This paper presents composite indicators of the institutional and policy characteristics of educational systems, collated from the questionnaire responses of 26 Member countries. These indicators provide an overview of the institutional framework in the primary and secondary education sector and...
Persistent link: https://www.econbiz.de/10010708594