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Dynastic Management
Caselli, Francesco; Gennaioli, Nicola - C.E.P.R. Discussion Papers - 2003
Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms. It is pervasive around the world, but especially in developing countries. We argue that dynastic management is a potential source of inefficiency: if the heir to the family...
Persistent link: https://www.econbiz.de/10005136641
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Long-Term Capital Movements
Lane, Philip R.; Milesi-Ferretti, Gian Maria - C.E.P.R. Discussion Papers - 2001
International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this Paper, we show that a small set of fundamentals shifts in relative output levels, the stock of public debt and demographic factors can do much to explain the...
Persistent link: https://www.econbiz.de/10005792250
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Education, Growth and Income Inequality
Teulings, Coen N; van Rens, Thijs - C.E.P.R. Discussion Papers - 2003
Estimates of the effect of education on GDP (the social return to education) have been hard to reconcile with micro-evidence on the private return. We present a simple explanation that combines two ideas: imperfect substitution between worker types and endogenous skill-biased technological...
Persistent link: https://www.econbiz.de/10005661700
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Accounting for Cross-Country Income Differences
Caselli, Francesco - C.E.P.R. Discussion Papers - 2004
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question ‘how much of the cross-country income variance can be attributed to...
Persistent link: https://www.econbiz.de/10005662006
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What is Middle Class about the Middle Classes Around the World?
Banerjee, Abhijit; Duflo, Esther - C.E.P.R. Discussion Papers - 2007
This paper uses household surveys from 13 developing countries to describe consumption choices, health and education …
Persistent link: https://www.econbiz.de/10005791405
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Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia
Richter, Kaspar - C.E.P.R. Discussion Papers - 2000
The paper develops a new approach to measuring the impact of government cash transfers on poverty alleviation that takes into account endogenous reactions and consumption smoothing of households. We use the methodology to study the impact of changes in government cash benefits on poverty rates...
Persistent link: https://www.econbiz.de/10005124403
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The Caloric Costs of Culture: Evidence from Indian Migrants
Atkin, David - C.E.P.R. Discussion Papers - 2013
Anthropologists have long documented substantial and persistent differences across social groups in the preferences and taboos for particular foods. One natural question to ask is whether such food cultures matter in an economic sense. In particular, can culture constrain caloric intake and...
Persistent link: https://www.econbiz.de/10011083900
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Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program
Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010
We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship … village planning. We use matching methods and a panel household and village data set with national coverage to compare changes …
Persistent link: https://www.econbiz.de/10008468658
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The Institutional Foundations of China’s Reforms and Development
Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10008468688
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Globalization and Inequality: Evidence from within China
Wei, Shang-Jin; Wu, Yi - C.E.P.R. Discussion Papers - 2001
, the urban-rural income inequality. This pattern in the data suggests that inferences based solely on China's national …
Persistent link: https://www.econbiz.de/10005124080