Summary of JOIE article (First View, 14 July 2020) by Jordan K. Lofthouse, The Mercatus Center at George Mason University and Virgil Henry Storr, Department of Economics, George Mason University. The complete article is available on the JOIE website. In multilevel marketing companies (MLMs), also known as network marketing or direct selling, member-distributors earn income…
Month: July 2020
Blockchain and institutional complexity: an extended institutional approach
Summary of JOIE article (First View, 16 June 2020) by Danil Frolov, Faculty of Economics and Management, Volgograd State Technical University. The complete article is available on the JOIE website. Blockchain is a digital technology for maintaining a replicated distributed ledger. It ensures the implementation of transactions in a digital format without the involvement of…
The role of collective action for the emergence and consolidation of democracy
Summary of JOIE article (First View, 16 June 2020) by Paolo Li Donni, University of Palermo and Maria Marino, University of Florence. The complete article is available on the JOIE website The literature Several scholars have claimed that democracy is a powerful predictor of countries’ prosperity (e.g., Alfonso-Gil et al., 2014; Acemoglu et al., 2019)….
Political instability, institutional change and economic growth in Brazil since 1870
Summary of JOIE article (First View, 1 June 2020) by Nauro Campos, University College London, ETH Zurich and IZA-Bonn, Menelaos Karanasos, Brunel University London, Panagiotis Koutroumpis, Queen Mary University London and Zihui Zhang, Brunel University London. The full article is available on the JOIE website How does institutional change affect economic growth? This paper explores…