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The Dictator Effect: How Long Years in Office Affects Economic Development in Africa and the Near East
Papaioannou, Jason; Zanden, Jan Luiten Van - C.E.P.R. Discussion Papers - 2012
This paper contributes to the growing literature on the links between political regimes and economic development by studying the effects of years in office on economic development. The hypothesis is that dictators who stay in office for a long time period will become increasingly corrupt, and...
Persistent link: https://www.econbiz.de/10011084113
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An African Growth Miracle?
Rodrik, Dani - C.E.P.R. Discussion Papers - 2014
Africa’s recent growth performance has raised expectations of a bright economic future for the continent after decades … of decline. Yet there is a genuine question about whether Africa’s growth can be sustained, and if so, at what level. The …
Persistent link: https://www.econbiz.de/10011084672
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Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10005792315
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Vertical Integration and Distance to Frontier
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...
Persistent link: https://www.econbiz.de/10005123937
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Distance to Frontier, Selection, and Economic Growth
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more...
Persistent link: https://www.econbiz.de/10005789082
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Human Development in Africa: A Long-run Perspective
Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2011
Long-run trends in Africa’s well-being are provided on the basis of a new index of human development, alternative to … experienced in other developing regions. Within Africa, Sub-Saharan Africa has fallen steadily behind the North since mid-20th …
Persistent link: https://www.econbiz.de/10009322973
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Land deals in Africa: pioneers and speculators
Collier, Paul; Venables, Anthony J - C.E.P.R. Discussion Papers - 2011
Much African land currently has low productivity and has attracted investors purchasing (or leasing) land as a speculative option on higher future prices or productivity. If land deals are to be beneficial they need to induce productivity enhancing investments. Some of these will be publicly...
Persistent link: https://www.econbiz.de/10009367429
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Lost Decades: Lessons from Post-Independence Latin America for Today's Africa
Bates, Robert H; Coatsworth, John H; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2006
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin … America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities … about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post …
Persistent link: https://www.econbiz.de/10005136542
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Price Distortions and Economic Growth in Sub-Saharan Africa
Anderson, Kym; Brückner, Markus - C.E.P.R. Discussion Papers - 2011
To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade …
Persistent link: https://www.econbiz.de/10009246604
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How Do Credit Supply Shocks Propagate Internationally? A GVAR approach
Eickmeier, Sandra; Ng, Tim - C.E.P.R. Discussion Papers - 2011
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...
Persistent link: https://www.econbiz.de/10009399715