Institutions, Informal Economy, and Economic Development
نویسندگان
چکیده
منابع مشابه
Contracting Institutions and Economic Development
This paper studies the effects of contracting institutions on economic development. A model is presented with endogenous incomplete markets, where financial frictions generated by the imperfect enforcement of contracts depend on the future growth of the economy, which determines the costs of being excluded from financial markets after defaulting. As the economy approaches its steady state, fric...
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Iraq’s economy has undergone a number of profound changes over the last several decades, many of which have had significant implications for the manner in which the country’s informal economy has evolved. The statist, heavy-handed economic policies of the Ba'athist government concentrated much of Iraq’s productive capacity in nationalized factors, which degraded under the sanctions regime of th...
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The paper argues that a narrow conceptualization of institutions as more or less similar to ‘good governance’ is not conductive for an understanding of the institutional underpinnings of the learning economy. In stead an explicit focus on a broad set of institutions that support learning is needed. Improving learning and innovation capabilities is not only a question of more resources for educa...
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Growth theory has identified a plethora of determinants for development; however, the more carefully economists study institutions, the more crucial they seem to become for the growth process. For decades economists focused on physical/human capital as well as technical change as sources of the wealth of nations. Crises and failed transition experiments in the 1990s brought to light that even t...
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ژورنال
عنوان ژورنال: Emerging Markets Finance and Trade
سال: 2014
ISSN: 1540-496X,1558-0938
DOI: 10.2753/ree1540-496x500409