# Tag Info

Accepted

### Are democracies more economically productive than autocracies?

In economics, it is accepted that countries with good 'inclusive' institutions, such as strong property rights, are more productive and able to develop faster (or even develop at all) than countries ...
• 43.4k

### Why some countries are wealthier than others?

One argument brought forward (it is a generalization/argument for lack of infrastructures) is the Acemoglu-Robinson hypothesis of extractive versus inclusive institutions. Long-story short: some ...
• 10.4k
Accepted

### Papers on measuring institutions

"Institutions" can be defined in many ways... I will guess some things that might interest you: Transparency international measures every year corruption perceptions in many countries. The World ...
• 987

### Papers on measuring institutions

Daron Acemoglu's papers on institution could be a very good way to enter in this kind of issues.
• 2,095
Accepted

### Why some countries are wealthier than others?

While a lack of infrastructure and public goods may explain poverty in a short-term perspective, it is widely considered that institutions are the key factor in the long term (how could infrastructure ...
• 7,248

### Literature recommendation on organised crime

I would suggest looking at some of the research by Francis Fukuyama. "Social Capital, Civil Society, and Development," Third World Quarterly 22 (no. 1, 2001). or https://fukuyama.stanford....
• 1,023
Accepted

### Will economic discrepancy between democratic and authoritarian states decrease over time?

As you point out, going by the typical doctrine of extractive institutions from Why Nations Fail (Acemoglu), we have this basic framework: Disenfranchisement of private sector leads to capital flight ...
• 1,023

### Papers on measuring institutions

Articles These papers discuss institutions as institutions were covered in the economic literature. Better to read them in a chronological order. Acemoglu, Daron, and Simon Johnson. “Unbundling ...
• 1,577

### Did Elinor Ostrom (or others) resolve the tragedy of the commons for common-pool resources?

Depends on your definition of 'resolve'. In economic there were already proposed solutions for both public good and common-pool resources. However, most of those require some sort of government ...
• 43.4k
Accepted

### How long into the past can we trace the effect of institutions?

Institutions are likely having a permanent effects as they create path dependency which implies that even temporary shocks would have permanent effect. At least that is what is argued by many ...
• 43.4k

### Contract theory: Incentive contracts (when agents have multiple tasks) models by G. Baker and Holmstrom & Milgrom

Holmström and Milgrom assume that the agent exhibits constant absolute risk aversion. This implies that if you change the total wage of the agent with a lump sum transfer (that does not depend on ...
• 493
1 vote

### A few questions in paper Chong 2007

Could you help me derive Eq(5) in paper Chong (2007)? My initial derivations were wrong because I misread Eq(1) as $y_{i,t}=c_{i,t}+r_{i,t}$. It was until I read the answer posted by @...
• 1,725
1 vote

### Are businesses included in economic institutions?

Unfortunately, economists don't have a standard, universally-accepted definition of what an 'institution' is. Hence, depending on what you're trying to study and whom you ask, businesses may or may ...

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