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The Economics of Human Development and Social Mobility
Heckman, James J. - 2014
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10013058273
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Determinants of Vertical Integration : Finance, Contracts, and Regulation
Acemoglu, Daron; Robinson, James A.; Mitton, Todd - 2010
We study the determinants of vertical integration in a new dataset of over 750,000 firms from 93 countries. Existing evidence suggests the presence of large cross-country differences in the organization of firms, which may be related to differences in financial development, contracting costs or...
Persistent link: https://www.econbiz.de/10012762442
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Democracy, Redistribution and Inequality
Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10013071520
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Reversal of Fortune : Geography and Institutions in the Making of the Modern World Income Distribution
Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2021
Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is...
Persistent link: https://www.econbiz.de/10013247251
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Political Economy in a Changing World
Acemoglu, Daron - 2013
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10013080197
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The World Income Distribution
Acemoglu, Daron; Ventura, Jaume - 2021
trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world … country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross …
Persistent link: https://www.econbiz.de/10013249141
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Population and Civil War
Acemoglu, Daron; Fergusson, Leopoldo; Johnson, Simon - 2017
Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world …
Persistent link: https://www.econbiz.de/10012958980
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Democracy Does Cause Growth
Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - 2014
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...
Persistent link: https://www.econbiz.de/10013056591
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Institutions, Human Capital and Development
Acemoglu, Daron; Gallego, Francisco A.; Robinson, James A. - 2016
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...
Persistent link: https://www.econbiz.de/10013006662
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Reevaluating the Modernization Hypothesis
Acemoglu, Daron; Johnson, Simon; Robinson, James A.; … - 2021
explain diverging development paths within the former colonial world …
Persistent link: https://www.econbiz.de/10013224429