This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect inst
ABSTRACT This Paper Intends To Describe The Main Causes Of The Virtuous Economic Expansion Of The Golden Age Of Capitalism (1948-1973). The Study Highlights That Some Important Institutional And Poli
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most i
This paper takes the risk preference of modern listed companies as the research object, uses the financial data of Chinese listed companies combined with the literary inquisition file in Qing Dynasty