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Forbidden Fruits: The Political Economy of Science, Religion, and Growth
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...
Persistent link: https://www.econbiz.de/10011083861
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Income and Democracy
Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2005
causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not … country fixed effects removes the statistical association between income per capita and various measures of democracy. We also … on democracy. Furthermore, we reconcile the positive cross-country correlation between income and democracy with the …
Persistent link: https://www.econbiz.de/10005666490
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Reevaluating the Modernization Hypothesis
Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2007
capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this … affect both the level of income per capita and the likelihood of democracy in a country, and failing to control for these … factors may introduce a spurious relationship between income and democracy. We show that controlling for these historical …
Persistent link: https://www.econbiz.de/10005661513
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Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis
Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014
The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...
Persistent link: https://www.econbiz.de/10010948879
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010723543
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Revisiting the Link between Growth and Federalism: A Bayesian Model Averaging Approach
Asatryan, Zareh; Feld, Lars P. - CESifo - 2013
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10010690384
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Rethinking the Effects of Financial Liberalization
Broner, Fernando A; Ventura, Jaume - C.E.P.R. Discussion Papers - 2010
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10008784713
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Diversification, Dutch Disease, and Economic Growth: Options for Uganda
Gylfason, Thorvaldur; Nganou, Jean-Pascal Nguessa - CESifo - 2014
Natural resource discoveries, even when fairly modest in terms of the revenues they are expected to generate, can have significant macroeconomic effects and implications for the conduct of fiscal and monetary policy. In this respect, Uganda is no different from other oil-rich countries. In five...
Persistent link: https://www.econbiz.de/10011093976
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Financial Reforms and Capital Flows: Insights from General Equilibrium
Martin, Alberto; Ventura, Jaume - C.E.P.R. Discussion Papers - 2012
As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge enough future profits to their creditors and this constrains the financing they can raise. Many have argued that, by relaxing these credit constraints, reforms that strengthen...
Persistent link: https://www.econbiz.de/10011084650