Showing 1 - 10 of 158,690
eine Demokratie erst ermöglicht? Dieser Artikel gibt einen Überblick über die jüngere empirische Literatur zur Frage der …
Persistent link: https://www.econbiz.de/10005822946
-being. -- democracy ; development ; Lipset hypothesis ; causal effect ; growth ; political institutions … relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that … terms of a rule of law. On the other hand do democracies not simply arise as consequence of economic development, but …
Persistent link: https://www.econbiz.de/10003464054
Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...
Persistent link: https://www.econbiz.de/10005662311
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014377422
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014284676
growth is critically evaluated. Economic freedom is found necessary for higher levels of per capita income and growth largely … per capita income or growth. Secure private property rights is found to be a most significant positive causal variable as …
Persistent link: https://www.econbiz.de/10014218055
The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth … negatively, what is the effect of wars? We find that own democracy has a significant positive impact on growth which increases as …
Persistent link: https://www.econbiz.de/10014062168
centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …Economic growth in the 19th and 20th centuries, following the Industrial Revolutions, was much faster than in preceding … bidirectional causation. Macroeconomic forecasts have predicted slower economic growth in the 21st century--perhaps substantially …
Persistent link: https://www.econbiz.de/10013245417
features that seem to determine development depends on the workings of political institutions, which define how the …
Persistent link: https://www.econbiz.de/10010328238
While economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their content. This paper develops several measures of the qualities of policies across countries, arguing...
Persistent link: https://www.econbiz.de/10010278205