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Full-Text Articles in Social and Behavioral Sciences
Culture Macroeconomics Adjustments And Economic Growth, Schuyler R. Hooper
Culture Macroeconomics Adjustments And Economic Growth, Schuyler R. Hooper
Honors Theses
This paper argues that culture is the underlying determinant causing the delays and massive social costs sometimes seen as countries attempt to stabilize after experiencing external shocks. While there have been significant ties between culture and economic performance in the past, as in Tabellini (2008) and Licht et al. (2007), this paper argues that culture matters more during periods of disequilibrium than it does during times of equilibrium. The empirical methodology for this paper closely mirrors that of Rodrik (1999), in which he proposed that latent social conflicts and poor institutions of conflict management were the reasons for delayed adjustments …
Middle Class Political Competition And Economic Growth, Jorge A. Enriquez Murillo
Middle Class Political Competition And Economic Growth, Jorge A. Enriquez Murillo
Honors Theses
Middle class individuals play a fundamental role in countries’ political and economic spheres. Their political demands for a fair tax system and public goods provisions enhance positive economic performance and development. A large share of income held by the middle class, according to Easterly (2001), is positively related to economic growth and political stability. Similarly, Alesina and Rodrik (1994) –among other political economic studies- highlight that a well-endowed median voter population influences the implementation of growth-enhancing economic policies. This study examines the interplay between political competition and a politically active middle-class and its subsequent effect on economic growth. The dependant …