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Author : Aaron Tornell
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)
Download or read book Economic growth and decline with endogenous property rights written by Aaron Tornell and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 145185496X
Total Pages : 23 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Enforcement of Property Rights and Underdevelopment written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 1999-09-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper formalizes the role of legal infrastructure in economic development in a general equilibrium model with endogenously determined property rights enforcement. It illustrates the mutual importance of property rights protection and market production by the model’s multiplicity of equilibria. In one equilibrium, property rights are enforced and market activity is unhampered. In the other, property rights are not enforced, which discourages economic activity and leaves the economy without the resources and incentives to enforce property rights. Even identically endowed economies may therefore find themselves in very different equilibria.
Author : Holger Strulik
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (474 download)
Download or read book Social Fractionalization, Endogenous Property Rights, and Economic Development written by Holger Strulik and published by . This book was released on 2004 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Diermeier
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (866 download)
Download or read book Endogenous Property Rights written by Daniel Diermeier and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often argued that additional checks and balances provide economic agents with better protection from expropriation of their wealth or productive capital. We demonstrate that in a dynamic political economy model this intuition may be flawed. Surprisingly, increasing the number of veto players or the majority requirement for redistribution may reduce property right protection on the equilibrium path. The reason is the existence of two distinct mechanisms of property rights protection. One are formal constraints that allow individuals or groups to block any redistribution which is not in their favor. The other occurs in equilibrium where agents without such powers protect each other from redistribution. Players without formal blocking power anticipate that the expropriation of other similar players will ultimately hurt them and thus combine their influence to prevent redistributions. Yet, such incentives can be undermined by adding formal constraints. The flip-side of this effect is that individual investment efforts might require coordination. The model also predicts that the distribution of wealth in societies with weaker formal institutions (smaller supermajority requirements) among players without veto power will tend to be more homogenous.
Author : Philippe Aghion
Publisher : Elsevier
ISBN 13 : 0444520414
Total Pages : 1139 pages
Book Rating : 4.4/5 (445 download)
Download or read book Handbook of Economic Growth written by Philippe Aghion and published by Elsevier. This book was released on 2005-12-21 with total page 1139 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.
Author : Theo S. Eicher
Publisher : MIT Press
ISBN 13 : 0262550644
Total Pages : 343 pages
Book Rating : 4.2/5 (625 download)
Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2007-01-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
Author : Bernhard Heitger
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Property Rights and Their Impact on the Wealth of Nations written by Bernhard Heitger and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sambit Bhattacharyya
Publisher : Edward Elgar Publishing
ISBN 13 : 085793032X
Total Pages : 221 pages
Book Rating : 4.8/5 (579 download)
Download or read book Growth Miracles and Growth Debacles written by Sambit Bhattacharyya and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating book, Sambit Bhattacharyya presents a detailed account of the socio-economic processes that create broad variations in living standards across the globe. The author examines the world's economic history over the last five centuries, replete with growth miracles and growth debacles: growth in Britain was steady, yet China lost her early advantage; North America settler colonies performed significantly better than those of Asia and Africa; Australia and Argentina were notably similar at the start of the twentieth century but delivered strikingly different growth outcomes. The book argues that these differences in growth rate are best explained by an interplay of factors, namely economic, political and geographical. In conclusion it presents long-run comparative growth narratives for Africa, China, India, the Americas, Russia and Western Europe. Presenting a unique and original analytical framework to explain economic growth and decline, and bridging empirical growth literature and economic history, this book will prove a stimulating read for both academic and professional economists, and scholars of economic history and economic growth. Other social scientists including sociologists, political scientists and economic historians will also find the book to be of great value.
Author : Xiaobo Hu
Publisher : World Scientific
ISBN 13 : 9814495719
Total Pages : 80 pages
Book Rating : 4.8/5 (144 download)
Download or read book Problems In China's Transitional Economy: Property Rights And Transitional Models written by Xiaobo Hu and published by World Scientific. This book was released on 1998-08-15 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1997 saw a major reform in China which signaled the move away from its traditional economy, when Jiang Zemin called off the debate on public versus private ownership. However, none of the existing theories can fully explain the transformation of the property rights system during the post-Mao reforms. The first part of this volume will reconceptualize the property rights reform in post-Mao China to provide a political economy explanation of why the transformation of property rights in China appears piece-meal.The success of the post-Mao reforms can be attributed to China's ability to integrate the experience of a variety of transition models. The second part of the paper investigates two distinct transition models, in light of the lessons from current Vietnamese reform. It explores the dynamics of political actions and analyzes the political reasons for economic reform.
Author : Gerald W. Scully
Publisher : Princeton University Press
ISBN 13 : 1400862833
Total Pages : 258 pages
Book Rating : 4.4/5 (8 download)
Download or read book Constitutional Environments and Economic Growth written by Gerald W. Scully and published by Princeton University Press. This book was released on 2014-07-14 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this provocative work, Gerald Scully develops and empirically tests a theory about how a nation's constitutional setting affects its economic growth. Modern growth theory links the rise in the standard of living to capital formation, both physical and human, and to technological progress, and development economists continue to believe that the transformation of the less developed world cannot occur without massive government control of the economy. Scully, on the other hand, maintains that material advancement is as much affected by the choice of the economic, legal, and political institutions under which people live and work as it is by resource endowment and technological progress. Nothing in the neoclassical theory of growth considers the "rules of the game" under which capital is accumulated and innovation is made. Redressing this neglect, Scully proposes ways of measuring the economic, civil, and political freedom within a society's institutional framework, and he reveals that freedom, or the lack thereof, powerfully and demonstrably influences not only economic progress but also income distribution. Politically open societies grow at nearly three times the rate of those where freedom is more circumscribed, and they also have a more equitable distribution of income. Finally, Scully measures the effect of the size of the state on economic progress, showing that the larger the amount of government expenditures out of gross domestic product, the lower the rate of economic progress. Originally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author : Mark Gradstein
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4./5 ( download)
Download or read book Governance and Economic Growth written by Mark Gradstein and published by World Bank Publications. This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property rights protection differs significantly across countries. The author integrates the emergence of property rights within a simple growth framework. Drawing on North (1990), he presents a model where economic performance and enforcement of property rights may reinforce each other. Initial conditions determine the economy's convergence to a high-income or a low-income steady state. Existing empirical evidence offers tentative support for this theory.
Author : Philippe Aghion
Publisher : Elsevier
ISBN 13 : 0080461131
Total Pages : 1139 pages
Book Rating : 4.0/5 (84 download)
Download or read book Handbook of Economic Growth written by Philippe Aghion and published by Elsevier. This book was released on 2005-12-09 with total page 1139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement.The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory.Volume 1A, the first in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms.Volume 1B, the second in this two volume set, covers technology, trade and geography, and growth and socio-economic development.
Author : Johan Torstensson
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (186 download)
Download or read book Property Rights and Economic Growth written by Johan Torstensson and published by . This book was released on 1993* with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dani Rodrick
Publisher : Elsevier
ISBN 13 : 0080931723
Total Pages : 1066 pages
Book Rating : 4.0/5 (89 download)
Download or read book Handbook of Development Economics written by Dani Rodrick and published by Elsevier. This book was released on 2009-11-09 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt: What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between policies and outcomes by surveying work from broad macroeconomic policies to interventions in microfinance. Asserting that there are no universal correspondences between policies and outcomes, contributors demonstrate instead that only an intense familiarity with the development context and the universe of applicable economic models can generate successful policies. Getting cause-and-effect right is essential for policy design and implementation. With the goal of drawing researchers and policy makers closer, this volume highlights our increasing understanding of ways to combine economic theorizing with careful, thoughtful empirical work. - Presents an accurate, self-contained survey of the current state of the field - Summarizes the most recent discussions, and elucidates new developments - Although original material is also included, the main aim is the provision of comprehensive and accessible surveys
Author : Robert J. Barro
Publisher : MIT Press
ISBN 13 : 9780262025539
Total Pages : 676 pages
Book Rating : 4.0/5 (255 download)
Download or read book Economic Growth, second edition written by Robert J. Barro and published by MIT Press. This book was released on 2003-10-10 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author : Ben S. Bernanke
Publisher : MIT Press
ISBN 13 : 9780262522229
Total Pages : 420 pages
Book Rating : 4.5/5 (222 download)
Download or read book NBER Macroeconomics Annual 1996 written by Ben S. Bernanke and published by MIT Press. This book was released on 1997-02 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the eleventh volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend, and apply frontier work in macroeconomics, and to encourage and stimulate work by macroeconomists on current policy issues. These contributions offer a good sample of the current issues and exciting research directions in macroeconomics. Contents Credit, Business Investment, and Output Fluctuations in Japan, Nobuhiro Kiyotaki and Kenneth D. West * Causes and Consequences of Imperfections in the Consumer Price Index, Matthew D. Shapiro and David Wilcox * A Scorecard for Indexed Government Debt, John Y. Campbell and Robert J. Shiller * Technology Improvements and Productivity Slowdowns: Another Crazy Explanation, Andreas Hornstein and Per Krusell * Are Currency Crises Self-Fulfilling?, Paul Krugman * Inequity and Growth, Roland Benabou
Author : John B. Taylor
Publisher : Elsevier
ISBN 13 : 9780444501585
Total Pages : 600 pages
Book Rating : 4.5/5 (15 download)
Download or read book Handbook of Macroeconomics written by John B. Taylor and published by Elsevier. This book was released on 1999-12-13 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 6: Financial Markets and the Macroeconomy. 19. Asset prices, consumption, and the business cycle (J.Y. Campbell). 20. Human behavior and the efficiency of the financial system (R.J. Shiller). 21. The financial accelerator in a quantitative business cycle framework (B. Bernanke, M. Gertler and S. Gilchrist). Part 7: Monetary and Fiscal Policy. 22. Political economics and macroeconomic policy (T. Persson, G. Tabellini). 23. Issues in the design of monetary policy rules (B.T. McCallum). 24. Inflation stabilization and BOP crises in developing countries (G.A. Calvo, C.A. Vegh). 25. Government debt (D.W. Elmendorf, N.G. Mankiw). 26. Optimal fiscal and monetary policy (V.V. Chari, P.J. Kehoe).
