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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20506Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Falkinger, Josef | - |
| dc.creator | Grossmann, Volker | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:10:50Z | - |
| dc.date.available | 2013-10-16T07:10:50Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/20506 | - |
| dc.identifier | ppn:393557677 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20506 | - |
| dc.description | This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a two-sector general equilibrium model with a tax-financed public sector, and show that in a feudal society (dominated by landed elites) productivity-enhancing public investments like the provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium, a land-abundant and landowner dominated economy supports openness to trade. Finally, we discuss empirical evidence which strongly supports our basic hypotheses. | - |
| dc.language | eng | - |
| dc.relation | IZA Discussion paper series 1242 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | H50 | - |
| dc.subject | F43 | - |
| dc.subject | N10 | - |
| dc.subject | O10 | - |
| dc.subject | N16 | - |
| dc.subject | ddc:330 | - |
| dc.subject | economic development | - |
| dc.subject | institutions | - |
| dc.subject | political system | - |
| dc.subject | public education | - |
| dc.subject | trade | - |
| dc.subject | Entwicklung | - |
| dc.subject | Politik der offenen Tür | - |
| dc.subject | Aussenwirtschaftspolitik | - |
| dc.subject | Politisches System | - |
| dc.subject | Theorie | - |
| dc.subject | Welt | - |
| dc.title | Institutions and Development : The Interaction between Trade Regime and Political System | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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