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eine Demokratie erst ermöglicht? Dieser Artikel gibt einen Überblick über die jüngere empirische Literatur zur Frage der …
Persistent link: https://www.econbiz.de/10005822946
Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...
Persistent link: https://www.econbiz.de/10005662311
centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …Economic growth in the 19th and 20th centuries, following the Industrial Revolutions, was much faster than in preceding … bidirectional causation. Macroeconomic forecasts have predicted slower economic growth in the 21st century--perhaps substantially …
Persistent link: https://www.econbiz.de/10013245417
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …
Persistent link: https://www.econbiz.de/10008926963
different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …
Persistent link: https://www.econbiz.de/10010278525
developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on … migration. The essential question is whether, in times to come, these four countries could be the new engines of growth for the … world economy. The answer is that rapid growth in China already supports growth elsewhere, so far primarily as a market for …
Persistent link: https://www.econbiz.de/10010323529
democracy is the political outcome. This distribution is even independent of the particular development level if the income … democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers results on the …This paper studies the endogenous emergence of political regimes, in particular democracy, oligarchy and mass …
Persistent link: https://www.econbiz.de/10009150065
change and slow economic growth increase the likelihood of urban protests, as expected. However, several unexpected results …
Persistent link: https://www.econbiz.de/10013221898
Persistent link: https://www.econbiz.de/10011407947