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This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income...
Persistent link: https://www.econbiz.de/10005497941
distributed unequally and institutions do not ensure political commitments. The results imply that for any level of development … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers …
Persistent link: https://www.econbiz.de/10009493564
Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...
Persistent link: https://www.econbiz.de/10005662311
To identify the effect of social capital on financial development, we exploit the well-known differences in social …
Persistent link: https://www.econbiz.de/10005662398
Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between 1500 and 1800 look similar to the stagnating southern, central and eastern parts of Europe rather than the developing northwestern parts. In the advanced parts of India and...
Persistent link: https://www.econbiz.de/10005666692
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10005667122
This paper uses household surveys from 13 developing countries to describe consumption choices, health and education … classes in the development process. We find that the average middle class person is not an entrepreneur in waiting: while he …
Persistent link: https://www.econbiz.de/10005791405
beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth …. The basic premise of this research, regarding the negative effect of land inequality on public expenditure on education is …
Persistent link: https://www.econbiz.de/10005792428
In recent theories of comparative development the role of institutional differences has been crucial. Yet what explains … homogeneous in many ways, they experienced radically different paths of economic (and political) development which is conventional … development are conditional on the form that political competition takes in society. Endowments are not fate. …
Persistent link: https://www.econbiz.de/10005123696
the process of development. A simple general equilibrium model of rent-seeking political elites with two productive …
Persistent link: https://www.econbiz.de/10005124016