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This article supports, on the one hand, that the invention of capitalism and the generalization of the market were born in Europe because the European territory was fragmented and good for polycentrism (1). The invention of market illustrates the theory of institutional competition. It argues,...
Persistent link: https://www.econbiz.de/10010898395
We provide a test of the impact of voters' political ideology on economic growth and of the role of preferences for government size as a transmission channel. We focus on France from the beginning of its stable democratic experience in 1871. A move of voters' ideology to the right increases...
Persistent link: https://www.econbiz.de/10010775746
This article tackles one central issue in the regional science literature: the persistence of regional disparities in unemployment within national economies. Our approach is original as Okun's coefficients are estimated for each of the 22 administrative French regions over the period 1990-2008,...
Persistent link: https://www.econbiz.de/10010775890
This paper analyses the effect of public expenditure on economic growth from both a theoretical and an empirical point of view. Given that the economic literature supplies numerous and conflicting views on the topic, the article offers a framework combining both theories of market failures and...
Persistent link: https://www.econbiz.de/10009401102