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This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
Persistent link: https://www.econbiz.de/10012437721
sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …
Persistent link: https://www.econbiz.de/10010375394
We address the role that deep, structural factors may have as determinants of Mexico's economic growth. We argue that Mexico's poor growth performance appears to be associated not only with shorter-run events such as the "lost decade" of the eighties, but also with supply-side features of the...
Persistent link: https://www.econbiz.de/10003909564
This review examines the literature on the role of infrastructure in determining the productivity and competitiveness of firms. It shows that the existing evidence base is clear in concluding that reliable and high-quality infrastructure is a crucial foundation for enabling businesses to thrive....
Persistent link: https://www.econbiz.de/10012052043
policies and competition controlling for relevant supply and demand side factors. Our econometric model employs dynamic panel … impact on investment in new infrastructure. Furthermore, infrastructure-based competition from mobile operators and the …
Persistent link: https://www.econbiz.de/10010424793
regulatory holidays or geographically differentiated regulations, ii) deregulatory approaches based on effective competition law … of access regulations exist, whereas only a much smaller branch of literature addresses the impact of competition … in grey areas, if there is sufficient pressure from competitive outside options and if competition law is strong. Finally …
Persistent link: https://www.econbiz.de/10010462525
We examine a game of competition with access provision in which service quality is endogenously determined through … infrastructure upgrades with spillovers. There are two types of equilibria in the free competition regime. In particular, voluntary …
Persistent link: https://www.econbiz.de/10010396265
This paper examines the relationship between income and witch trials in early modern Europe. We start by using climate data to proxy for income levels. This builds on previous work by exploiting a far richer panel dataset covering 356 regions and 260 years, including both seasonal temperature...
Persistent link: https://www.econbiz.de/10011554681
The economic impact of an institutional transplant depends on the underlying cultural envi-ronment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10011405198