Do institutions matter for economic fluctuations? Weak property rights in a business cycle model for Mexico

In this paper we introduce weak property rights in the standard real business cycle (RBC) model in order to examine the role of institutions as a source of economic fluctuations in emerging markets. In particular, in Mexico, the movements in productivity in the data are associated with changes in in...

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Veröffentlicht in:	Review of economic dynamics 2011-07, Vol.14 (3), p.511-531
Hauptverfasser:	Angelopoulos, Konstantinos, Economides, George, Vassilatos, Vanghelis
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Economic fluctuations Economic models Institutions Productivity Property rights Studies
Online-Zugang:	Volltext
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