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Quality of institutions and macroeconomic performance

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Quality of institutions and macroeconomic performance
Christou, Tryfonas
Χρίστου, Τρύφωνας
PhD Thesis
2019
This thesis studies the importance of institutional quality on macroeconomic performance. To do so, we augment the standard real business cycle (RBC) model with rent seeking competition. The idea is that agents allocate a part of their effort time competing with each other for a fraction of a contestable prize. At first, our analysis considers alternative contestable prizes like government transfers, total tax revenue, economy-wide output and economy-wide income in a homogeneous agents RBC model. Then, we extend our analysis to a heterogeneous agents model (capitalists and workers), where we consider the contestable prize to be the "income of the others", i.e the contestable prize for workers is the income of capitalists and the contestable prize of capitalists is the income of workers.
Κοινωνικές Επιστήμες ➨ Οικονομικά και Επιχειρήσεις
Προσοδοθηρία
Economics and Business
Social Sciences
Κοινωνικές Επιστήμες
Rent seeking
Οικονομικά και Επιχειρήσεις
Greek
Athens University Economics and Business (AUEB)
Οικονομικό Πανεπιστήμιο Αθηνών
Οικονομικό Πανεπιστήμιο Αθηνών. Σχολή Οικονομικών Επιστημών. Τμήμα Οικονομικής Επιστήμης
BY_NC_ND
National Documentation Centre (EKT)
National Archive of PhD Theses
Συλλογή ΕΑΔΔ



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