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Recent cross-section studies have demonstrated a strong link between measures of corruption, bureaucratic quality, property rights, and other institutional variables, and economic growth. In this paper we build on previous research and present some empirical evidence on the direction of...
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Economic growth in the Sub-Saharan Africa region has been plagued by a series of shocks-wars, political instability, natural disasters, epidemics, terms-of-trade deterioration, and sudden stops in capital inflows-that have had lingering effects on productivity and growth. Within the overall...
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This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...
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This paper explores the institutional determinants of economic growth in Latin America by taking advantage of recent empirical research that employs subjective and objective measures to test for a possible Northian explanation that links institutional quality and economic growth. I provide a...
Persistent link: https://www.econbiz.de/10010327172
This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...
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