Institutional development, transaction costs and economic growth: evidence from a cross-country investigation

Kovač, Mitja; Spruk, Rok

doi:10.1017/s1744137415000077

Cited by 42 publications

(15 citation statements)

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“…For example, Torstensson (1994) argues that many developing countries lack secure private property rights and that arbitrary seizures of property slow down economic growth. Kovač and Spruk (2016) quantify the impact of increasing transaction costs on cross-country economic growth and find a significant negative effect. Weingast (1997) studies the role of political officials' respect for the political and economic rights of citizens supporting democratic stability and the rule of law.…”

Section: Introductionmentioning

confidence: 99%

Political instability, institutional change and economic growth in Brazil since 1870

Campos

Karanasos

Koutroumpis

et al. 2020

Journal of Institutional Economics

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Are institutions a deep cause of economic growth? This paper tries to answer this question in a novel manner by focusing on within-country variation, over long periods of time, using a new hand-collected data set on institutions and the power-ARCH econometric framework. Focusing on the case of Brazil since 1870, our results suggest (a) that both changes in formal political institutions and informal political instability affect economic growth negatively, (b) there are important differences in terms of their short- versus long-run behaviour, and (c) not all but just a few selected institutions affect economic growth in the long-run.

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Section: Introductionmentioning

confidence: 99%

Political instability, institutional change and economic growth in Brazil since 1870

Campos

Karanasos

Koutroumpis

et al. 2020

Journal of Institutional Economics

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show abstract

“…Recent empirical investigations (North and Wallis, 1986;Masten, Meehan and Snyder, 1991;McCloskey and Klamer, 1995;Dollery and Leong, 1998;Kovač and Spruk, 2016) offer further evidence of the impact/importance of transaction costs for the long-term path of economic growth. Hence, to encourage economic growth the efficiency-and welfare-minded policymaker should economise on the transaction costs created by different legal institutions.…”

Section: General Literaturementioning

confidence: 99%

Eroded Rule of Law, Endemic Violence and Social Injustice in Brazil

Kovač

Bezerra

2020

lexonomica

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Modern Brazil is plagued by social and economic inequalities, endemic violence, crime, and a weak rule of law. Once these narratives become dependent on each other, all aspects must be worked on to change the scenario the country is facing: insecurity, fear and a lack of opportunities. This paper argues that the unprecedented rise of social injustice in Brazil is not the result of short-term measures but is part of its history marked by economic and social inequalities extending from its colonial past until today and the deficient policies on crime that emerged in the mid-1990s. Moreover, the current massive incarceration, overcrowding of prisons combined with the absence of human living conditions is turning the prison system in Brazil into a gigantic, perpetual school of crime. Investment in education that directly helps to lower the crime rate must be aligned with a new, less repressive and more inclusive punitive policy so as to induce criminals not to return to their unlawful ways. It is suggested that Brazil can only properly develop if efficient legal institutions, the rule of law, and criminal sanctioning based on the principles of social justice are available to all citizens.

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“…Sus resultados facilitan la medición de los ingresos (Kovač & Spruk, 2016), la integración de los costos de transacción (Bylund, 2015), los resultados en el desarrollo productivo y la efectividad de los procesos (Loasby, 2015).…”

Section: Revisión De La Literaturaunclassified

Perfil competitivo de empresas de tercerización de procesos de Bogotá: análisis de componentes principales

2016

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RESUMENEl objetivo del presente artículo de resultados de investigación es analizar el perfil competitivo de empresas de tercerización de procesos de negocio (BPO, por sus siglas en Inglés) de Bogotá, evaluadas a través del Modelo de Indicadores de Gestión Sostenible y Asociatividad (MIGSA) y utilizando el Análisis de Componentes Principales (ACP), para distribuir las variables estudiadas en un número reducido de grupos, con el fin de dar cuenta de los aspectos que sintetizan la variabilidad en la gestión de las empresas. El estudio permitió establecer dos ejes: el primero relaciona aspectos de sostenibilidad internos a la empresa y el segundo establece elementos de sostenibilidad externos, los dos generan cuatro perfiles diferentes de competitividad, los cuales permiten a las organizaciones, además de establecer su ubicación, la generación de planes estratégicos que favorezcan su posicionamiento en el mercado. PALABRAS CLAVEGestión sostenible; asociatividad; empresas de tercerización; prácticas de gestión; MIGSA. ABSTRACTThe aim of this article results of research is to analyze the competitive profile of BPO Bogota, evaluated through the model Indicators for Sustainable Management and associativity -MIGSA -and using the Principal Component Analysis (PCA), to distribute the variables studied in a small number of groups, in order to account for aspects that summarize the variability in the management of enterprises. The study allowed two axes: the first related aspects internal to the enterprise sustainability and the second set elements external sustainability, the two generate four different profiles of competitiveness, which enable organizations, and to establish your location, generation strategic plans that favor its position in the market.

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Institutional development, transaction costs and economic growth: evidence from a cross-country investigation

Cited by 42 publications

References 100 publications

Political instability, institutional change and economic growth in Brazil since 1870

Political instability, institutional change and economic growth in Brazil since 1870

Eroded Rule of Law, Endemic Violence and Social Injustice in Brazil

Perfil competitivo de empresas de tercerización de procesos de Bogotá: análisis de componentes principales

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