Summary of JOIE article (14 September 2021) by Mathew T. Panhans, Federal Trade Commission, Washington, DC, USA and Reinhard Schumacher, University of Potsdam, Potsdam, Germany. The full article is available on the JOIE website. Antitrust and competition policy are back in vogue as of late. In March 2016, The Economist declared that “Profits are too high. America need…
Category: Article Summary
Introduction to the special issue on institutions and culture in economic contexts
Summary of the introduction to the JOIE Vol 18 (1) special issue by Luca Andriani, Department of Management, Birkbeck University of London and Randolph Bruno, School of Slavonic and East European Studies, University College London. The full article is available on the JOIE website. This special issue aims to explore the role of institutions and…
Making reform and stability compatible: Elite redeployment in Japan
Summary of JOIE Article (First View 6 December 2021)by Makio Yamada, Institutes for Advanced Studies, University of Tokyo. The full article is available on the JOIE website. In this article, I provide an explanation of how Meiji Japan (Japan after the Meiji Restoration in the winter of 1867/8) achieved swift institutional improvement by making reform…
A time to throw stones, a time to reap: How long till democracy improves outcomes?
Summary of JOIE article (First View 6 July 2021) by Pierre-Guillaume Méon, Centre Emile Bernheim and Dulbéa, Université libre de Bruxelles, and Khalid Sekkat, Centre Emile Bernheim, Université libre de Bruxelles. The full article is available on the JOIE website. Empirical studies of the impact of democracy on growth long remained inconclusive as the meta-study…
Olympics, Inequality and Institutions
Summary of JOIE article (First View 30 November 2020) by Vadim Kufenko, Institute of Economics, University of Hohenheim, Schloss, Germany and Vincent Geloso, Department of Economics and Finance, King’s University College, Ontario, Canada. The full article is available on the JOIE website. Does inequality affect economic outcomes? The recent surge in interest in the proper…
On legal bubbles: Shockwaves at the core of the digital economy
Summary of JOIE article ( First View 05 July 2021) by Marco Giraudo, Department of Law, University of Turin, Turin, Italy. The full article is available on the JOIE website. This article traces the main legal-economic dynamics underlying the rise of the personal data-driven economy and argues that a legal bubble has characterized its development so…
The evolution of the football jersey: An institutional perspective
Summary of JOIE article ( First View 11 May 2021) by David Butler and Robert Butler, Department of Economics, University College Cork, Cork, Ireland. The full article is available on the JOIE website. When a Malaysian consortium took control of Cardiff City Football Club in May 2010, I suspect very few would have predicted that a…
De jure property rights and state capacity: evidence from land specification in the Boer Republics
Summary of JOIE article ( First View 11 May 2021) by Kara Dimitruk, Sophia Du Plessis and Stan Du Plessis, Department of Economics & LEAP, Stellenbosch University. The full article is available on the JOIE Website. The capacity of states to raise taxes and provide property rights is seen as crucial for economic development. The determinants…
Knight, financial institutions, and entrepreneurship In developing economies
Summary of JOIE article ( First View 14 May 2021) by Joyce K. Nabisaalu and Per L. Bylund, Oklahoma State University. The full article is available on the JOIE Website. “Financial institutions made it easy or at least generally possible for ability to secure capital when not in possession of it by direct ownership and made…
Response to governmental COVID-19 restrictions: the role of informal institutions
Summary of JOIE article ( First View 26 April 2021) by Katarzyna Bentkowska Warsaw School of Economics, Institute of Markets and Competition, Warsaw, Poland. The full article is available on the JOIE Website. In 2020, countries unexpectedly faced a new challenge—the COVID-19 pandemic—and they had to take countermeasures to address it. The levels of restrictions imposed varied across countries. However, implementing restrictions…