This paper argues that openness to goods trade in combination with an unequal distribution of political power has been … provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium …

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been … provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium …

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been … provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium …

Promotion of foreign direct investment (FDI) and trade liberalization on both global and regional levels has been … considered to be beneficial for the economic development of developing countries. Current WTO rules support regional trade … liberalization and prohibit certain trade-related investment measures by national governments, even though these are important policy …

Institutions, such as contract enforcements and rule of law, are arguably one of the most important determinants of … investigates how the market size and international trade affect institutional quality. I adopt an incomplete-contract approach to … model institutions. Due to contract incompleteness, a firm can hold up its suppliers and distort production. When the …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … evidence on transition economies. -- credit constraints ; distribution ; economic development ; entrepreneurship ; institutions …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …