Showing 1 - 10 of 1,329
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
Persistent link: https://www.econbiz.de/10011407947
diversity and economic development depend substantially on coding errors and sample selection. We correct the coding errors and … hypothesis that variation in genetic diversity among subpopulations has a systematic relationship with economic development. …
Persistent link: https://www.econbiz.de/10011811324
propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …This paper focuses on how political regimes affect financial development in Africa, contingent on religious …
Persistent link: https://www.econbiz.de/10011410331
components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …
Persistent link: https://www.econbiz.de/10011410343
Corruption is one of the world’s most widespread political problems. It can be found on international, national and sub-national level. Access to education and other socio-economic services is of utmost importance for all humans. It is still not exclusively based on merit, but often rather...
Persistent link: https://www.econbiz.de/10012428971
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011602763
To explain the process of development historically documented, we consider a model with three economic sectors … agricultural and manufactured goods. Our parsimonious model captures within a single framework the process of development which is … characterized by the structural changes in the workforce across sectors, variable growth rates (an initial "Malthusian regime …
Persistent link: https://www.econbiz.de/10011819388
-Run Economic Growth ; Comparative Development ; Colonized Countries ; Early Development … population density measures used by Acemoglu et al. (2002) as indicators of level of development in 1500, we confirm a reversal … strong or stronger for three alternative measures of early development, namely years since transition to agriculture, state …
Persistent link: https://www.econbiz.de/10009711260
of its economic development. The hypothesis advanced and empirically examined in this paper suggests that there are … establish a highly statistically significant and robust non-monotonic effect of genetic diversity on development outcomes in the … pre-colonial era. Contrary to theories that reject a possible role for human genetics in influencing economic development …
Persistent link: https://www.econbiz.de/10003728410