bureaucratic costs. -- Political persistence ; growth ; innovation … between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with …

between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent …

between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent …

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social … fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries … the security of property rights has played a critical role in promoting economic growth. Ethnic heterogeneity has been a …

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income … inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … lower capital taxes, to the benefit of both themselves and economic growth. The model's equilibrium dynamics features …