each induce growth accelerations, but countries liberalizing their economy before extending political rights do better than … regime change have an independent effect on growth, and taking expectations into account helps identify a stronger growth …

How and why does distant political and economic history shape the functioning of current institutions? This paper … (as opposed to limited) morality are widespread in societies that were ruled by non-despotic political institutions in the … distant past. Second, well functioning institutions are often observed in countries or regions where individual values are …

advantage in pursuing collective actions. Moral groups perpetuate due to positive feedbacks between morality, institutions, and …

growth rates depending on structural parameters, political institutions and initial conditions. We then confront the model …Is inequality harmful for growth? We suggest that it is. In a society where distributional conflict is important … activities which promote growth, such as the accumulation of capital and productive knowledge. In this paper we formulate a …

To the layperson, the upward trend in European unemployment is related to the slowdown in economic growth. We argue … that the layperson’s view is correct. The increase in European unemployment and the slowdown in economic growth are related … associated with low growth rates. The model also predicts that the effect of labour taxation differs sharply in countries with …