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The role of institutions in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM econometric model. Specifically it attempted to test...
Persistent link: https://www.econbiz.de/10015219866
Corruption is a symptom and outcome of institutional deficiency, with potentially adverse effects on economic growth. This paper aims to provide a synthesis of the existing evidence on the relationship between corruption and economic growth - controlling for effect type, data sources, and...
Persistent link: https://www.econbiz.de/10015227071
Despite decades of experience and research, the effects of minimum wage legislation (MWL) on long-run economic performance have rarely been studied since Stigler’s (1946) classic exposition about the shortcomings of MWL. In this study, we use a novel method to estimate the magnitude and...
Persistent link: https://www.econbiz.de/10015230036
The objective of this study is to analyze the impact of institutions on the economic growth and examine whether the ultimate impact differs at various stages of development among 24 Asian countries over the period 1996-2008 using a dynamic panel data analysis model based on the SYS-GMM...
Persistent link: https://www.econbiz.de/10015230806
Although there is still no consensus on the causes of large differences in income per capita across countries, a growing literature considers culturally-based beliefs and institutions as main drivers of the latter differences (Guiso et al. 2006; Tabellini 2010). The intuition is that institutions...
Persistent link: https://www.econbiz.de/10015234181
IMF was established as a financial institution for the promotion of world trade and international financial stability of members. However, IMF focused on assistance to developing countries and transition economies and as a result seems to have political implications. Many studies suggest that...
Persistent link: https://www.econbiz.de/10015256199
This study investigates the influence of institutional pressures on the level of entrepreneurship in Sub-Saharan Africa (SSA). It assumes that in sub-Saharan Africa, countries with the highest levels of entrepreneurship rates tend to have the highest levels of economic freedom. Data are on 37...
Persistent link: https://www.econbiz.de/10015256730
We improve and investigate a dynamic model of the behavior of the population of agents belonging to different income groups during the transition from a pay-as-you-go to a mixed pension system. The model is based on the assumption that wealthier participants are characterized by a lower rate of...
Persistent link: https://www.econbiz.de/10015260168
This paper studies the relationship between governance, economic growth, and poverty. This relationship is examined using panel data from 1996 to 2012. Empirical evidence does not support the hypothesis that good governance leads to poverty reduction. Indeed, the estimation results show that...
Persistent link: https://www.econbiz.de/10015261302
This paper investigates the relationship between the rule of law and income inequality and poverty in twenty Latin … inequality and poverty in Latin America while having the opposite effect in the rest of the world. Results are robust to … different definitions of inequality and rule of law. Protection of property rights is the most significant rule of law indicator …
Persistent link: https://www.econbiz.de/10015262759