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The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800

Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005

Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between …. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …

Persistent link: https://www.econbiz.de/10005666692

Prospective Deficits and the Asian Currency Crises

Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1998

This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...

Persistent link: https://www.econbiz.de/10005124184

Chinese Currency Controversies

Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004

This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country’s own interest; it would help the...

Persistent link: https://www.econbiz.de/10005067647

Inflation Targeting and Inflation Persistence in Asia

Gerlach, Stefan; Tillmann, Peter - C.E.P.R. Discussion Papers - 2010

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the coefficients in an autoregressive model for inflation, using a...

Persistent link: https://www.econbiz.de/10008684680

Geography and the Determinants of Firm Exports in Indonesia

Farole, Thomas; Rodriguez-Pose, Andres; Tselios, Vassilis; … - C.E.P.R. Discussion Papers - 2013

This paper uses data from the Indonesian manufacturing census in order to uncover the determinants of firm exports over the period 1990-2005. We examine to what extent differences in firm export propensity and intensity are a consequence of firm-level (microeconomic), of place-based...

Persistent link: https://www.econbiz.de/10011084523

Entrepreneurship: Origins and Returns

Berglann, Helge; Moen, Espen R; Roed, Knut; Skogstrøm, … - C.E.P.R. Discussion Papers - 2009

We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …

Persistent link: https://www.econbiz.de/10005079007

Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events

Brück, Tilman; Llussá, Fernanda; Tavares, José - C.E.P.R. Discussion Papers - 2010

We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...

Persistent link: https://www.econbiz.de/10008692319

Lobbying on Entry

Perotti, Enrico C; Volpin, Paolo - C.E.P.R. Discussion Papers - 2004

We develop a model of endogenous lobby formation in which wealth inequality and political accountability undermine entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants from raising capital. They succeed because they can...

Persistent link: https://www.econbiz.de/10005662100

Trade and Entrepreneurship with Heterogeneous Workers

Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - C.E.P.R. Discussion Papers - 2007

individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise …

Persistent link: https://www.econbiz.de/10005662268

Tax Policy, Venture Capital and Entrepreneurship

Keuschnigg, Christian; Nielsen, Soren Bo - C.E.P.R. Discussion Papers - 2000

an entrepreneurial sector, the Paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …

Persistent link: https://www.econbiz.de/10005666436