The New Comparative Economics

By Simeon Djankov, Edward L. Glaeser, R. La Porta, Florencio Lopez‐de‐Silanes, A. Shleifer. 2003

1,159 citations recorded by the source corpus.

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/5dde9657cd1d83c7b779a481140a2697490da34e

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Citations in the corpus

Finance and Innovation: The Case of Publicly Traded Firms (2007, positive): “In general, cross-country studies provide evidence that institutions exert a profound influence on economic development (e.g., see survey by Djankov et al., 2003).”
Gender Quotas and the Quality of Politicians (2014, neutral): “Other works show that education is positively correlated with the quality of government and discuss the impact of the latter on economic development (Djankov et al., 2003; Glaeser et al., 2004; Fortunato and Panizza, 2011).”
The Extent of the Market and the Supply of Regulation (2005, methodology): “In our model, communities choose from a range of possible modes of solving social problems, including private orderings, judicial enforcement, and regulation [Djankov et al. 2003].”
Teaching Practices and Social Capital (2013, positive): “…and Keefer 1997; Algan and Cahuc 2010), formation of large firms and organizations (La Porta et al. 1997), financial development (Guiso, Sapienza, and Zingales 2004), trade (Guiso, Sapienza, and Zingales 2009), as well as methods of state intervention (Djankov et al. 2003; Aghion et al. 2010).”
The New Political Economy (2007, background): “See Morgan (2003) for discussion.”
Bank Specific, Business and Institutional Environment Determinants of Banks Nonperforming Loans: Evidence from MENA Countries (2010, background): “Djankov et al. (2007) expanding their measure of legal formalism, report improved lending activities for legal systems with better legal rights and enforcement efficiency.”
Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets (2014, neutral): “But, Feldstein and Slemrod (1980), Gordon (1998), and Cullen and Gordon (2002), highlight that fiscal systems are complex and their interrelationships cannot be easily predicted; and for that reason, the relationship between fiscal freedom and entrepreneurship can vary depending on existing factors ”
Institutions and Development:A View from Below (2005, neutral): “Source: Djankov, La Porta, Lopez-de-Silanes, and Shleifer (2002, 2003).”
Political Rights and the Cost of Debt (2010, neutral): “…and legal variables and the lack of significance on the difference between junior and senior debt spreads are more consistent with the substitution between political and legal institutions suggested by Djankov et al. (2003) than with the simple model presented in equations (5) and (6) above.”
Determinants of total factor productivity : a literature review (2007, background): “A third oft-studied reason 30 To be fair, drawing on Djankov et al. (2003), the authors talk about human and social capital determining institutional opportunities.”
Alfred Marshall Lecture Social Capital as Good Culture (2008, background): “…impressive range of phenomena: economic growth (Knack and Keefer 1997), size of firms (La Porta et al. 1997), institution’s design and performance (Djankov et al. 2003), financial development (Guiso, Sapienza, and Zingales [GSZ henceforth] 2004, 2008), crime (Glaeser, Sacerdote, and Scheinkman…”
Diversified Business Groups and Corporate Refocusing in Emerging Economies (2005, background): “For instance, Chinese business groups that are newly formed and have significant government ownership might pursue unrelated diversification and avoid refocusing in order to employ as many individuals as possible ( Dharwadkar, George, & Brandes, 2000; Thomsen & Pedersen, 2000).”
Regulation and growth (2006, neutral): “Data on average annual growth of GDP per capita between 1993 to 2002 come from the World 1For instance, North (1981), Djankov et al. (2003), Rodrik (1999).”