Showing 1 - 10 of 95
was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major … than the financialization of oil futures markets. …
Persistent link: https://www.econbiz.de/10011084244
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 different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617
1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …
Persistent link: https://www.econbiz.de/10009321839
We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently determined by the initial gap. We obtain these results...
Persistent link: https://www.econbiz.de/10009399722
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
Abstract This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of...
Persistent link: https://www.econbiz.de/10008468546
High-skilled emigration has been found to affect developing economies via different channels. With a calibrated general equilibrium framework, this paper finds that the short-run impact of brain drain on resident human capital is extremely crucial, as it does not only determine the number of...
Persistent link: https://www.econbiz.de/10008468643
This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10008468690
Why has the expansion of women's economic and political rights coincided with economic development? This paper … of development (i.e., capital accumulation and declining fertility) exacerbated the tension in men's conflicting …
Persistent link: https://www.econbiz.de/10008528542
This paper documents a stylized fact not well appreciated in the literature. The Third World has been undergoing an emigration life cycle since the 1960s, and, except for Africa, emigration rates have been level or even declining since a peak in the late 1980s the early 1990s. The current...
Persistent link: https://www.econbiz.de/10004972165