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This survey is an overview on the literature that investigates the relationship between the institutions and … the theoretical analysis of the relationship between the economic development and the role of institutions. As it is clear … the institutions can be evaluated. This problem is related to the necessity to close off in the right way the weight and …
Persistent link: https://www.econbiz.de/10005621728
At least since the early 1990s, the problem of Africa’s debt was a recurring theme in the development debate and many suggestions for debt relief have now been implemented. However, a thorough solution is hampered by the existence of multiple ways of scaling debt. This paper provides a...
Persistent link: https://www.econbiz.de/10005621813
Integration has become a second nature of Europeans.. Day-in, day-out, we experience more worldwide integration of markets and this will further develop as –in the end – it will mean real tangible benefits for all stakeholders involved. One of the most important parts of the integration...
Persistent link: https://www.econbiz.de/10005621830
Using seven alternative measures of the institutions, this study examines the impacts of the quality of institutions on … quality of institutions is negatively related with poverty rates and explain a significant portion of the variation in poverty …-poor policies aimed at reducing poverty should first consider improving the quality of institutions in developing countries as a pre …
Persistent link: https://www.econbiz.de/10005621958
with better policies and institutions. …
Persistent link: https://www.econbiz.de/10005622120
civil, political, and economic policies and institutions are promising factors in explaining the long-run economic …
Persistent link: https://www.econbiz.de/10005622161
This paper evaluates Schumpeter's grand vision as reflected in his Capitalism, Socialism and Democracy, and elaborates it in conjunction with the so-called "globalization" trends characteristic of the wake of the twenty-first century. In addition to the evolutionary nature of his methodology,...
Persistent link: https://www.econbiz.de/10005622407
Time matters because knowledge changes. Knightian uncertainty excludes correct procedures and proven knowledge, but makes room for imagination and creativity, which drive an evolutionary process. Human cognition relies less on logic than on pattern-making; we impose connecting principles to...
Persistent link: https://www.econbiz.de/10005622411
Persistent link: https://www.econbiz.de/10005622412
Like Nelson (2002), I make a case for bringing institutions into evolutionary economics. But unlike Nelson, who defines … institutions as social technologies consisting of rules-routines, I define them in agreement with North (1990) as humanly devised … communicating with modern institutional analysis, for clarifying how institutions can influence, and be influenced by, changes in …
Persistent link: https://www.econbiz.de/10005622441