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Fan, Joseph P. H. - 2011

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …

Persistent link: https://www.econbiz.de/10013117212

Butler, Jeffrey V. - 2009

We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Our interpretation is that highly trusting individuals tend to assume too much social risk and to be cheated...

Persistent link: https://www.econbiz.de/10013156416

Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?

Eichengreen, Barry - 2008

We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …

Persistent link: https://www.econbiz.de/10012769529

The Economic Consequences of Legal Origins

La Porta, Rafael - 2010

In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...

Persistent link: https://www.econbiz.de/10012759683

Crime and Punishment in the "American Dream"

Di Tella, Rafael - 2010

We observe that countries where belief in the quot;American dreamquot; (i.e., effort pays) prevails also set harsher punishment for criminals. We know from previous work that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc). Our objective...

Persistent link: https://www.econbiz.de/10012760591

Repugnance as a Constraint on Markets

Roth, Alvin E. - 2010

This essay examines how repugnance sometimes constrains what transactions and markets we see. When my colleagues and I have helped design markets and allocation procedures, we have often found that distaste for certain kinds of transactions is a real constraint, every bit as real as the...

Persistent link: https://www.econbiz.de/10012760526

Learning the Wealth of Nations

Buera, Francisco J. - 2009

We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...

Persistent link: https://www.econbiz.de/10012765566

Welfare State vs. Market Forces in a Globalization Era

Razin, Assaf - 2019

Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...

Persistent link: https://www.econbiz.de/10012863640

Boycko, Maxim - 2016

We repeat a survey we did in the waning days of the Soviet Union (Shiller, Boycko and Korobov, AER 1991) comparing attitudes towards free markets between Moscow and New York. Additional survey questions, from Gibson Duch and Tedin (J. Politics 1992) are added to compare attitudes towards...

Persistent link: https://www.econbiz.de/10012997900

Medieval Universities, Legal Institutions, and the Commercial Revolution

Cantoni, Davide - 2012

We present new data documenting medieval Europe's "Commercial Revolution'' using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germany's first...

Persistent link: https://www.econbiz.de/10013107997

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