Do institutions matter for economic fluctuations? Weak property rights in a business cycle model for Mexico
نویسندگان
چکیده
منابع مشابه
Institutions, Property Rights, and Economic Development in Historical Perspective
Institutions, and more speci cally private property rights, have come to be seen as a major determinant of long-run economic development. We evaluate the case for property rights as an explanatory factor of the Industrial Revolution and derive some lessons for the analysis of developing countries today. We pay particular attention to the role of property rights in the accumulation of physical c...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2011
ISSN: 1094-2025
DOI: 10.1016/j.red.2010.04.002