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entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … evidence on transition economies. -- credit constraints ; distribution ; economic development ; entrepreneurship ; institutions … other natural resources determines structural change and economic development. A more equal distribution of natural …
Persistent link: https://www.econbiz.de/10003225929
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been …
Persistent link: https://www.econbiz.de/10011450834
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … other natural resources determines structural change and economic development. A more equal distribution of natural … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …
Persistent link: https://www.econbiz.de/10003202246
developed here indicates that this ability depends on several characteristics of political institutions, such as congressional … institutions ; Public policies ; Government capabilities ; Intertemporal cooperation ; Development ; Policy index ; Credibility …
Persistent link: https://www.econbiz.de/10003844598
) or countries&' formal institutions (e.g., political regime, electoral system), the variables in this database reflect the … workings of political institutions, using a logic emphasizing intertemporal political compromise. The paper also contrasts this …. -- Political institutions ; Public policies ; Government capabilities ; Veto players ; Intertemporal cooperation ; Development …
Persistent link: https://www.econbiz.de/10003794706
This paper proposes and empirically tests a new demand-side explanation for distortions in public spending composition. Voters prefer spending with certain and immediate benefits when they have low trust in electoral promises and high discount rates. The paper incorporates these characteristics...
Persistent link: https://www.econbiz.de/10012256493
This paper empirically analyzes the influence of rents from natural resources on the composition of government spending and investigates whether the relationship differs between democracies and autocracies. Both panel data and instrumental variable regressions suggest that there is a negative...
Persistent link: https://www.econbiz.de/10011671270
-driven entrepreneurship in the modern sector. The model shows how opportunity-driven entrepreneurship can drive structural transformation … by increasing employment and productivity in both the modern and traditional sectors. -- entrepreneurship ; economic …
Persistent link: https://www.econbiz.de/10003725597
In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking...
Persistent link: https://www.econbiz.de/10011537443
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10012310848