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The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth
Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2003
This Paper documents that the rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
Persistent link: https://www.econbiz.de/10005067437
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From 'Hindu Growth' to Productivity Surge: The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - C.E.P.R. Discussion Papers - 2004
Most conventional accounts of India’s recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10005661925
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Imperfect Labour Markets, the Stock Market and the Inefficiency of Capitalism
Manning, Alan - C.E.P.R. Discussion Papers - 1989
In a capitalist economy capitalists can sell their stake in a firm on the stock market whereas workers cannot sell their jobs. It is argued that when workers have some bargaining power this asymmetry in property rights leads to inefficiencies. The consequences of this are explored and certain...
Persistent link: https://www.econbiz.de/10005662149
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Formation of Social Capital in Central and Eastern Europe: Understanding the Gap Vis-a-Vis Developed Countries
Fidrmuc, Jan; Gërxhani, Klarita - C.E.P.R. Discussion Papers - 2005
Recent Eurobarometer survey data are used to document and explain the stock of social capital in 27 European countries. Social capital in Central and Eastern Europe – measured by civic participation and access to social networks – lags behind that in Western European countries. Using...
Persistent link: https://www.econbiz.de/10005792441
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The Macroeconomics of Labour and Credit Market Imperfections
Wasmer, Etienne; Weil, Philippe - C.E.P.R. Discussion Papers - 2002
Labour market frictions are not the only possible source of high unemployment. Credit market imperfections, driven by microeconomic frictions and influenced by macroeconomic factors, could also be to blame. To develop this idea in a simple and tractable macroeconomic model, we treat credit and...
Persistent link: https://www.econbiz.de/10005792453
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The Impact of Military Research and Development Priorities on the Evolution of the Civil Economy in Capitalist States
Buzan, Barry; Sen, Gautam - C.E.P.R. Discussion Papers - 1989
Military priorities influence a significant proportion of the resources that capitalist societies devote to R&D. Some of the commanding heights of civil economies have been powerfully shaped by the opportunities created by specifically military R&D. This paper is an attempt to sketch the...
Persistent link: https://www.econbiz.de/10005281392
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Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program
Banerjee, Abhijit; Duflo, Esther - C.E.P.R. Discussion Papers - 2004
substitute for other borrowing. We then apply this methodology to firms in India that became eligible for directed credit as a …
Persistent link: https://www.econbiz.de/10005662240
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Cotton Textiles and the Great Divergence: Lancashire, India and Shifting Competitive Advantage, 1600-1850
Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005
The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the … labour-saving technological progress meant that unit labour costs became lower than in India despite the much higher wages in …
Persistent link: https://www.econbiz.de/10005662364
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The International Financial Integration of China and India
Lane, Philip R.; Schmukler, Sergio - C.E.P.R. Discussion Papers - 2006
Three main features characterize the international financial integration of China and India. First, while only having a … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …. Changes in these factors will affect the international financial integration of China and India (through shifts in capital …
Persistent link: https://www.econbiz.de/10005662395
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The Adjustment Towards National Solvency in Developing Countries: An Application to India
Ghatak, Subrata; Levine, Paul L - C.E.P.R. Discussion Papers - 1992
solvency. This is compared with the corresponding cost if India were to repudiate its debts and experience financial autarky as … improves the relative attractiveness of debt repayment. With a 10% discount rate, however, even writing off 75% of India …
Persistent link: https://www.econbiz.de/10005666962