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Author : Walid Y. Alali
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Role of Political Institutions on Economic Growth : Empirical Evidence written by Walid Y. Alali and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dr Walid Y Alali
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Role of Political Institutions on Economic Growth written by Dr Walid Y Alali and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effect of political institutions on economic development via its causation of economic reforms. Focusing on the causality between political institutions - democracy, specifically - and economic reforms. After all, one way of improving society's well-being is through promoting economic growth, thereby narrowing the cross-country income differences. We investigate whether economic reforms are more likely to take place in democracies since greater accountability may lead the government to adopt measures that gain majority support. Economic reforms are referred to as comprehensive measures that broaden the market's scope including the international. Using the same methodology as in the previous paper1, the dynamic panel GMM estimator, we study whether democracy causes economic reforms in different sectors, namely fiscal measures, trade liberalisation, credit market liberalisation, capital account openness and labour market deregulation. Reciprocally, test if economic reforms cause the democratisation process, and how political institutions and economic reforms interact.
Author : Silvio Borner
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.F/5 ( download)
Download or read book Institutional Efficiency and Its Determinants written by Silvio Borner and published by OECD Publishing. This book was released on 2004 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.
Author : Alan Morgan Green
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (46 download)
Download or read book The Role Of Political Institutions In Economic Development An Empirical Investigation written by Alan Morgan Green and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some goods are only valuable, and some investments only profitable, in the presence of certain institutions. The empirical literature on institutions and economic growth claims that institutions are a primary determinant of growth. I find four mechanisms through which institutions may affect growth in Africa: property rights, contract enforcement, security and corruption. This dissertation consists of three papers that empirically analyze the importance of these mechanisms while addressing the major empirical issues of endogeneity, measurement and level of analysis. The first paper uses Afrobarometer surveys to measure distinct regional institutions: fear of crime, law enforcement, trust and corruption. I combine these variables with household data from 151 regions in thirteen African countries. I avoid endogeneity by regressing household wealth on aggregate institutional variables, and I find that reducing the fear of crime increases wealth and improving the legal system increases wealth when fear of crime or trust in the national government is high. Corruption in different levels of government has positive and negative effects. The results suggest that variation in institutions within countries is important. The second paper (with Christine Moser) explores institutions within Madagascar at a low administrative level. We use a unique commune census to analyze the impact of institutions and infrastructure on development of the manufacturing sector in Madagascar. We find that not only do institutions matter, they play a causal role in both employment in manufacturing and in infrastructure. The data is a spatially explicit panel countrywide census with reasonable instruments for institutions. We account for bias due to unobserved heterogeneity, endogeneity, and omission of neighboring commune characteristics. Our results suggest that property rights institutions are fundamentally important for economic development in Madagascar. The third paper analyzes democracy in Africa. Africa has become steadily more democratic since the end of the cold war, and I identify three mechanisms through which democracy may be instrumentally good. Democratization is associated with better institutions, which lead to economic growth. Democracies are more accountable and thus may have better health outcomes, and democratic countries have open political systems that may obviate civil conflict. I estimate the effects of democratization with instrumental variables (IV) and simultaneous equations models. I find no significant effects of democracy in the IV models when country and time fixed effects are included. The simultaneous equations results, which also control for country and time fixed effects, indicate that democracy may have strong effects on economic growth and significant but weak effects on the death rate in African countries.
Author : Jean-Marie Baland
Publisher : Princeton University Press
ISBN 13 : 0691192014
Total Pages : 786 pages
Book Rating : 4.6/5 (911 download)
Download or read book The Handbook of Economic Development and Institutions written by Jean-Marie Baland and published by Princeton University Press. This book was released on 2020-01-21 with total page 786 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.
Author : Yi Feng
Publisher : MIT Press
ISBN 13 : 9780262562119
Total Pages : 408 pages
Book Rating : 4.5/5 (621 download)
Download or read book Democracy, Governance, and Economic Performance written by Yi Feng and published by MIT Press. This book was released on 2003 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical and empirical examination of why political institutions and organizations matter in economic growth.
Author : Svante Ersson
Publisher : Routledge
ISBN 13 : 1134672241
Total Pages : 358 pages
Book Rating : 4.1/5 (346 download)
Download or read book The New Institutional Politics written by Svante Ersson and published by Routledge. This book was released on 2002-01-31 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Institutional Politics is a comparative study of the impact of political institutions upon outcomes, and covers some of the major themes in the new institutionalism. It looks at how various democratic institutions like Konkordanzdemokratie or corporatism promote better outcomes than Westminster institutions. The evaluation of the performance of political institutions covers the executive, the legislature and the judicial system. The book also looks at economic outcomes such as affluence and GDP growth as well as social ones like income distribution and quality of life. It examines the problems of institutional effects in democracies and dictatorships and provides analysis of some of the major models in political science. This is an exploration of how political institutions matter for political, economic and social outcomes. It estimates their impact in relation to other major factors such as culture and social structure. It is written for political scientists and graduates studying comparative politics.
Author : W. Garside
Publisher : Springer
ISBN 13 : 0230389945
Total Pages : 366 pages
Book Rating : 4.2/5 (33 download)
Download or read book Institutions and Market Economies written by W. Garside and published by Springer. This book was released on 2007-11-09 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a timely reminder of the more fundamental determinants of capital accumulation and innovation. It provides a mixture of conceptual, empirical, historical and methodological approaches to the relationship between institutions, institutional change and economic development.
Author : Mr.Ari Aisen
Publisher : International Monetary Fund
ISBN 13 : 1455211907
Total Pages : 30 pages
Book Rating : 4.4/5 (552 download)
Download or read book How Does Political Instability Affect Economic Growth? written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author : Walid Y Alali
Publisher : Eliva Press
ISBN 13 : 9789994985395
Total Pages : 0 pages
Book Rating : 4.9/5 (853 download)
Download or read book Essays on Development and Political Economics written by Walid Y Alali and published by Eliva Press. This book was released on 2023-01-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is my MPhil dissertation, which investigates the inter-relationships between institutions and development outcomes, specifically economic growth, economic reforms, FDI and technical efficiency. The fundamental question we are interested in is identifying the development outcomes and channels on which institutional quality directly impacts. We use Rodrik's (2005)'s taxonomy, to unbundle institutions into economic and political institutions, as well as macroeconomic policies. This largely follows the theoretical basis of earlier literature, arguing that these three aspects are endogenously determined. We then disentangle their individual effects on different development outcomes. Also, as an institution is probably not as persistent as one may have perceived, we explore the dynamic effect of institutions. Causality relationships between institutions and macroeconomic policies and reforms are also examined. Last but not least, other than domestic institutional quality, we also consider the impact of external institutions on development outcomes. We carry out four studies in Chapters 2 to 5 aiming to provide empirical evidence for these interrelated themes. In the following, we will summarize the major findings in these Chapters and discuss briefly their policy implications. We will also highlight the limitations of our work and suggest some possible extensions for further research.
Author : Philip Keefer
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)
Download or read book A Review of the Political Economy of Governance written by Philip Keefer and published by World Bank Publications. This book was released on 2004 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen F. Knack
Publisher : University of Michigan Press
ISBN 13 : 9780472068234
Total Pages : 324 pages
Book Rating : 4.0/5 (682 download)
Download or read book Democracy, Governance, and Growth written by Stephen F. Knack and published by University of Michigan Press. This book was released on 2003 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrates the importance of governance and social institutions to economic performance
Author : Silvio Borner
Publisher : Springer
ISBN 13 : 1349240494
Total Pages : 226 pages
Book Rating : 4.3/5 (492 download)
Download or read book Political Credibility and Economic Development written by Silvio Borner and published by Springer. This book was released on 2016-07-27 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.
Author : Shiping Tang
Publisher : Princeton University Press
ISBN 13 : 0691235589
Total Pages : 329 pages
Book Rating : 4.6/5 (912 download)
Download or read book The Institutional Foundation of Economic Development written by Shiping Tang and published by Princeton University Press. This book was released on 2022-09-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.
Author : Elhanan Helpman
Publisher : Harvard University Press
ISBN 13 : 0674038576
Total Pages : 624 pages
Book Rating : 4.6/5 (74 download)
Download or read book Institutions and Economic Performance written by Elhanan Helpman and published by Harvard University Press. This book was released on 2008-11-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions and Economic Performance explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity? The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors’ essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing? Institutions and Economic Performance is unique in its melding of economics, political science, history, and sociology to address its central question.
Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)
Download or read book New Tools and New Tests in Comparative Political Economy written by and published by World Bank Publications. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Some say that democracy is more likely to survive under parliamentary governments. That result is not robust to the use of different variables from the Database of Political Institutions, a large new cross-country database that may illuminate many other issues affecting and affected by political institutions"--Cover.
Author : Christopher Clague
Publisher :
ISBN 13 :
Total Pages : 416 pages
Book Rating : 4.3/5 (91 download)
Download or read book Institutions and Economic Development written by Christopher Clague and published by . This book was released on 1997-06-10 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The premise of this text is that economic development and post-communist transitions can be illuminated by economic analysis of institutions. The policies selected and their implementation by government agencies, property rights and participation in community organizations are all analyzed.
