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growth performances across countries. The trade liberalization policies undertaken between 1950 and 2006 led to an almost 30 … fold growth in the volume of international trade. However this increase has not been homogeneous across countries. This …
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experienced positive agricultural productivity growth for the sample period with Brazil being the fastest gainer. Institutions …
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institutions on the frequency of the four growth regimes: stable growth, stagnation, crisis and miracle-like fast growth. The … results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size … quality of institutions. For example, government spending reduces growth in countries with good institutions but can increase …
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This study augments a standard growth model with institutional controls, and models the spatial dependence using … political institutions weight matrix best explains the institutional distance concept since it produces identical results to the …, particularly the security of property rights, on economic growth in the developing countries. We also find evidence of an indirect …
Persistent link: https://www.econbiz.de/10011258341
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
Corruption increases inequality in the society (Gupta et al, 1998) by reducing economic growth, biasing the tax system …
Persistent link: https://www.econbiz.de/10008695054