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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
Fiscal rules are controversial. They mitigate politicians' flexibility in responding to shocks and pursuing expansionary fiscal policy. They help, however, to handle politicians' commitment problem in fiscal policies. I portray the new and fast growing empirical literature in public economics...
Persistent link: https://www.econbiz.de/10014430703
recent research focusing on actual decision and implementation processes, and on the political institutions and state and … features that seem to determine development depends on the workings of political institutions, which define how the …
Persistent link: https://www.econbiz.de/10010247135
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
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks foreign capital to …
Persistent link: https://www.econbiz.de/10011734484
institutions have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by …
Persistent link: https://www.econbiz.de/10012205933