The Effect of Ideas on Economic Performance : Focusing on Rational Ignorance and Ideology Dependence

2021 ◽  
Vol 15 (4) ◽  
pp. 91-127
Author(s):  
Kang-Koo Lee ◽  
◽  
Sung-Kyu Lee
Keyword(s):  
Economic Performance ◽  
Rational Ignorance

Dangling at the Abyss: How Deadweight Costs and Political Attitudes May Prevent (or Induce) Collapse

2014 ◽  
Vol 32 (1) ◽  
pp. 3-21
Author(s):  
J. R. Clark ◽  
John Garen
Keyword(s):  
Political Economy ◽  
20Th Century ◽  
Economic Performance ◽  
Political Attitudes ◽  
Special Interests ◽  
Political Opposition ◽  
Welfare Costs ◽  
Economic Collapse ◽  
Rational Ignorance

Abstract Analysts have considered what might check the 20th century growth in government, thereby avoiding Leviathan and economic collapse. We develop a model where political economy equilibrium pushes the economy to the brink of collapse, but rising marginal welfare costs may prevent collapse. For small reductions in welfare from government, rational ignorance enables special interests to gain. When deadweight costs become large, taxpayers provide political opposition that prevents collapse. Optimistic views of government may alter this conclusion and induce collapse. However, if favorable attitudes toward government are revised downward in light of poor economic performance, this concern is lessened.

Family Identification with the Firm, Non-family Stakeholders Orientation, and Economic Performance--Model

2020 ◽  
Author(s):  
Mª de la Cruz Déniz‐Déniz ◽  
Mª Katiuska Cabrera-Suárez ◽  
Josefa D. Martín-Santana
Keyword(s):  
Economic Performance ◽  
Performance Model

Between Modernization and Stagnation: Economic Policy in 2012

2013 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Structural Transformation ◽  
Economic Performance ◽  
Historical Analysis ◽  
Oil Boom ◽  
The World

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on historical analysis of Russian economic performance since 1970-s when oil boom started. On this basis key challenges of economic policy in 2013 are discussed.

Waiting for a New Model of Growth: Russia’s Social and Economic Development in 2013

2014 ◽  
pp. 4-32 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic Performance ◽  
Growth Rates ◽  
Global Crisis ◽  
New Model ◽  
Social And Economic Development ◽  
Economic Risks

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the problem of growth rates deceleration. Special attention is paid to economic risks and priorities of economic policy.

Economics of Happiness as an Academic Research Discipline

2012 ◽  
pp. 94-107 ◽  
Author(s):  
O. Antipina
Keyword(s):  
Economic Performance ◽  
Research Methodology ◽  
Academic Research ◽  
Well Being ◽  
Economic Indicators ◽  
Research Discipline ◽  
Happiness Economics ◽  
Education And Health ◽  
Economics Of Happiness ◽  
Happiness Level

The article contains a review of the contemporary research in the field of economics of happiness. Economics of happiness deals with correlation between the subjective notion of well-being and happiness with ones life (happiness level) and economic indicators. The author considers the correlation of economic and noneconomic factors. The last ones —  such as education and health — also affect the level of happiness. The author dwells upon the following questions: research methodology in economics of happiness, correlation between subjective notion of well-being and happiness with ones life and economic performance on micro- and macrolevels.

The Impact of Property Characteristics on Economic Performance of Russian Industrial Enterprises

2005 ◽  
pp. 53-68 ◽  
Author(s):  
R. Kapeliushnikov ◽  
N. Demina
Keyword(s):  
Detailed Analysis ◽  
Economic Performance ◽  
Ownership Concentration ◽  
Corporate Sector ◽  
Concentrated Ownership ◽  
Industrial Enterprises ◽  
Russian Industry ◽  
Control Premium ◽  
And Performance ◽  
The Impact

The paper provides new survey evidence on effects of concentrated ownership upon investment and performance in Russian industrial enterprises. Authors trace major changes in their ownership profile, assess pace of post-privatization redistribution of shareholdings and provide evidence on ownership concentration in the Russian industry. The major econometric findings are that the first largest shareholding is negatively associated with the firm’s investment and performance but surprisingly the second largest shareholding is positively associated with them. Moreover, these relationships do not depend on identity of majority shareholders. These results are consistent with the assumption that the entrenched controlling owners are engaged in extracting "control premium" but sizable shareholdings accumulated by other blockholders may put brakes on their expropriating behavior and thus be conductive for efficiency enhancing. The most interesting topic for further more detailed analysis is formation, stability and roles of coalitions of large blockholders in the corporate sector of post-socialist countries.

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