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depth. The findings suggest that the development of formal property rights, contracting, and competition institutions is …
Persistent link: https://www.econbiz.de/10011165220
property rights, contracting, and competition institutions is positively related to an increase in the level of credit to the …
Persistent link: https://www.econbiz.de/10010712049
growth. We build an agency model of corporate disclosure when companies face risks of expropriation. The model predicts that … reduced transparency has an adverse effect on the efficiency of capital allocation and corporate growth. …
Persistent link: https://www.econbiz.de/10011273272
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … market and the product market. The last part reviews recent progress to identify how institutions and policies can affect …
Persistent link: https://www.econbiz.de/10010319479
, as well as studies of inequality and economic growth. The main conclusion is that there is little, if any, Swedish … exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion … of the welfare state. The recent favorable growth record of Sweden, including the period of financial stress (2008 …
Persistent link: https://www.econbiz.de/10010320373
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … literature describes are the more stable political institutions, and these have been found to play no role in empirical growth …
Persistent link: https://www.econbiz.de/10010274856
The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia … adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10010307928
This paper explores the link between Brazil's political institutions and its disappointing productivity and growth in … recent decades. Although political institutions provide the president with incentives and the instruments to pursue monetary … and cuts in unprotected expenditures, which put a drag on productivity and growth. In a context of robust checks and …
Persistent link: https://www.econbiz.de/10011314042
The aim of the concept of inclusive growth, which is being promoted in particular by international organisations such …-running debate on alternative welfare measures beyond GDP per capita. On the other, the discussion on the relationship between growth … growth. In principle, it would be welcomed to pay more attention to the distribution aspects of economic growth. However …
Persistent link: https://www.econbiz.de/10011984244
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical … evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation … concentrates on the impact of FDI inflows on growth and their effect mediated by income levels and the quality of the institutional …
Persistent link: https://www.econbiz.de/10012164840