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Three Essays on Morality, Identity, and Economic Regulation.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Three Essays on Morality, Identity, and Economic Regulation./
Author:	Teague, Megan V.
Description:	1 online resource (105 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.
Contained By:	Dissertation Abstracts International79-03A(E).
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9780355461480

Three Essays on Morality, Identity, and Economic Regulation.
Teague, Megan V.

Three Essays on Morality, Identity, and Economic Regulation. - 1 online resource (105 pages)

Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.

Thesis (Ph.D.)--George Mason University, 2017.

Includes bibliographical references

Institutions matter. They define our universe of choices and push us to action. Formal institutions such as laws and regulations provide a macro-level backdrop dictating what we can and cannot do; informal institutions such as morality or identity are reflections of individual conviction. Combined, these institutions alter the relative price of any decision. For example, increased regulations often stifle entrepreneurship while a commitment to cooperation might preclude our desires towards corruption. Often these two types of rules work hand in hard: characteristics like trust and tolerance are more likely to be found in countries with better economic outcomes because they allow formal institutions to run more smoothly. Despite the interconnectedness, economic literature has placed more emphasis upon the importance of formal institutions in determining outcomes due to ease of measurement and modeling.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355461480Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Three Essays on Morality, Identity, and Economic Regulation.
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245 1 0 $a Three Essays on Morality, Identity, and Economic Regulation.
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300 $a 1 online resource (105 pages)
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500 $a Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.
500 $a Adviser: Peter Boettke.
502 $a Thesis (Ph.D.)--George Mason University, 2017.
504 $a Includes bibliographical references
520 $a Institutions matter. They define our universe of choices and push us to action. Formal institutions such as laws and regulations provide a macro-level backdrop dictating what we can and cannot do; informal institutions such as morality or identity are reflections of individual conviction. Combined, these institutions alter the relative price of any decision. For example, increased regulations often stifle entrepreneurship while a commitment to cooperation might preclude our desires towards corruption. Often these two types of rules work hand in hard: characteristics like trust and tolerance are more likely to be found in countries with better economic outcomes because they allow formal institutions to run more smoothly. Despite the interconnectedness, economic literature has placed more emphasis upon the importance of formal institutions in determining outcomes due to ease of measurement and modeling.
520 $a Chapter 1 of the dissertation explores the impact of economic institutions and outcomes on moral behavior. In particular, I illustrate an empirical relationship between economic freedom and materialism or greed. Outside of the economics literature, much has been said to support the idea that markets make us morally destitute since with more opportunities and more material goods to acquire, we necessarily will cave into our appetitive and non-virtuous behaviors. The results from this chapter suggest the relationship is reversed: countries with more economic freedom have fewer individuals that answer survey questions in greedy or materialistic ways.
520 $a This chapter ultimately shows us how cultural characteristics like materialism or greed, and economics are possibly connected. It suggests that economic systems may have an impact on our moralities, adding more depth to the current literature that draws empirical connections between high quality economic systems and social, political, and economic out-comes. Chapter 2 builds on the first by exploring what identity is and how it can impact political outcomes. The first of which is why we would observe minority groups wanting to become a part of a larger political unit when they are currently unhappy with the one they currently reside within. The literature on state formation suggests that this empirical result is inconsistent: states generate support for their legitimacy by shaping the preferences of those they rule. Minorities may be the reason why supranational organizations like the EU exist.
520 $a These questions are important because they inform us the ways in which political relationships can shape identity and how the existence of these identities can lead to the formation of a larger economic/political units in ways the literature has not yet touched upon. The findings have implications for larger work in culture and economics, as well as the impacts of heterogeneity on market formation, the optimal size of nations, and finally, upon the persistence and existence of minority identities.
520 $a The first method uses principal components analysis to weight the barriers to entry subcomponents by the degree of statistical variation. While used relatively infrequently in popular economics indexes, this method provides researchers with an index that more objectively weights the importance of variation across variables. This method does not use economic reasoning to guide theory, however, and so I also include a second version of the index, with subcomponents grouped equally and driven by economic theory, to assuage researchers interested in a dataset that ignores any sort of weighted bias.
520 $a In similar studies, burdens like barriers to entry decrease economic growth and development because they stifle entrepreneurship and innovation. However, there is reason to believe that some regulations actually decrease transactions costs making legal systems, and so economic systems, run more smoothly. In areas with poor economic growth and poor overall institutions, it appears that the former effect is more prominent. It is unclear which effect is stronger for countries with higher levels of economic prosperity and higher quality institutions because no such indexes exist. This paper provides the data necessary to begin to explore the above relationships.
520 $a All three chapters attempt to think about, and include, traditionally difficult topics in economics. In the literature, morality and identity are typically treated exogenously in empirical studies, even though it is unclear theoretically whether or not the relationship goes in the opposing direction.
520 $a The final chapter reconsiders the purpose of barriers to entry for a nation with high quality institutions. Previous indexes on the same topic aggregate cross-country business regulations, with data points from large cities. Ignored in these analyses is the quality of institutions across countries, which may explain away the impacts of barriers to entry on growth and corruption. I address these concerns by providing a dataset at a lower level of analysis and I control for culture and quality of institutions since the legal system and business culture is relatively similar across states. (Abstract shortened by ProQuest.).
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a George Mason University. $b Economics. $3 1189723
773 0 $t Dissertation Abstracts International $g 79-03A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10618598 $z click for full text (PQDT)