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Culture, institutions and the wealth of nations

Gorodnichenko, Yuriy; Roland, Gerard - 2010

-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

Persistent link: https://www.econbiz.de/10010274699

Social capital, innovation and growth: evidence from Europe

Akçomak, I. Semih; ter Weel, Bas - 2008

This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …

Persistent link: https://www.econbiz.de/10010277206

What is the value of entrepreneurship? A review of recent research

van Praag, C. Mirjam; Versloot, Peter H. - 2007

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …

Persistent link: https://www.econbiz.de/10010277005

Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

Brown, J. David; Earle, John S. - 2002

How do economic policies and institutions affect job reallocation processes and their consequences for productivity growth? This paper studies the extreme case of economic system change and alternative transitional policies in the former Soviet Republics of Russia and Ukraine. Exploiting annual...

Persistent link: https://www.econbiz.de/10010262315

Reassessing the standard of living in the Soviet Union: an analysis using archival and anthropometric data

Brainerd, Elizabeth - 2006

Both Western and Soviet estimates of GNP growth in the USSR indicate that GNP per capita grew in every decade

Persistent link: https://www.econbiz.de/10010267357

Entrepreneurship in advanced and developing countries: A microeconomic perspective

Vivarelli, Marco - 2012

The purpose of this paper is to provide a contribution to the identification of the role of entrepreneurship in economic growth by mapping out: 1) alternative ways of looking at entrepreneurship, distinguishing 'creative destruction' from simple 'turbulence'; 2) the different microeconomic...

Persistent link: https://www.econbiz.de/10010282123

Does conflict disrupt growth? Evidence of the relationship between political instability and national economic performance

Polachek, Solomon W.; Sevastianova, Daria - 2010

Current empirical growth models limit the determinants of country growth to geographic, economic, and institutional variables. This study draws on conflict variables from the Correlates of War (COW) project to ask a critical question: How do different types of conflict affect country growth...

Persistent link: https://www.econbiz.de/10010269690

Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

Persistent link: https://www.econbiz.de/10010274179

Will GDP growth increase happiness in developing countries?

Clark, Andrew E.; Senik, Claudia - 2011

This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of available international evidence pertaining to the relationship between income growth and subjective well-being. Consistent with the Easterlin paradox, higher income is always...

Persistent link: https://www.econbiz.de/10010278591

The new stylized facts about income and subjective well-being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2012

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Persistent link: https://www.econbiz.de/10010291356