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length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth …European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable … and cooperation that would have otherwise hindered the resumption of growth. …
Persistent link: https://www.econbiz.de/10005792491
The purpose of this paper is to suggest that a fundamental shift in Europe, along with the other OECD countries, is … been conducive to economic growth and job creation. Our empirical analysis links the stage of the transition towards an … entrepreneurial economy to the growth rates of European countries over a recent period. We find that those countries that have …
Persistent link: https://www.econbiz.de/10005504288
We investigate the existence of wage premium due to cultural diversity across US cities. Using census data from 1970 to 1990, we find that at the urban level richer diversity is systematically associated with higher average nominal wages for white US-born males. We measure cultural diversity in...
Persistent link: https://www.econbiz.de/10005661674
In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...
Persistent link: https://www.econbiz.de/10011213308
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with … realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with …
Persistent link: https://www.econbiz.de/10011252617
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …
Persistent link: https://www.econbiz.de/10009225960
A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the … economic growth by raising total factor productivity, but its impact is only transitory. Several predictions on the evolution …
Persistent link: https://www.econbiz.de/10009293661
Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The paper documents this finding for 4-digit manufacturing sectors for a large group of developed and developing countries over the period since 1990. The coefficient of unconditional...
Persistent link: https://www.econbiz.de/10009359488
-financial sector to fund the bailout may be inefficient since it weakens its incentive to invest, decreasing growth. Instead, the …
Persistent link: https://www.econbiz.de/10009365002
We provide evidence on the real effects of credit supply shocks utilizing a new firm-level database from six Latin American countries between 1990 to 2005. Holding creditworthiness constant through foreign currency debt exposure, we compare investment undertaken by domestic exporters to that of...
Persistent link: https://www.econbiz.de/10009275697