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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
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
change and slow economic growth increase the likelihood of urban protests, as expected. However, several unexpected results …
Persistent link: https://www.econbiz.de/10013221898
Persistent link: https://www.econbiz.de/10011407947
In recent years, there has been a plethora of econometric literature on the determinants of growth. However, the lack … results, reach some conclusions about political and economic institutions that favour development and the political problems …
Persistent link: https://www.econbiz.de/10013156105
diversity and economic development depend substantially on coding errors and sample selection. We correct the coding errors and … hypothesis that variation in genetic diversity among subpopulations has a systematic relationship with economic development. …
Persistent link: https://www.econbiz.de/10011811324
propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …This paper focuses on how political regimes affect financial development in Africa, contingent on religious …
Persistent link: https://www.econbiz.de/10011410331
components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …
Persistent link: https://www.econbiz.de/10011410343
Corruption is one of the world’s most widespread political problems. It can be found on international, national and sub-national level. Access to education and other socio-economic services is of utmost importance for all humans. It is still not exclusively based on merit, but often rather...
Persistent link: https://www.econbiz.de/10012428971
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011602763