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Retail Chain Expansion: The Early Years of McDonalds in Great Britain

Toivanen, Otto; Waterson, Michael - C.E.P.R. Discussion Papers - 2011

develop even when there are obvious expansion opportunities. We study the spread of McDonalds in Britain. We find …

Persistent link: https://www.econbiz.de/10009246609

Delegation in International Monetary Policy Games

Dolado, Juan J.; Griffiths, Mark; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1993

In this paper we show that the delegation of monetary policy to an independent and more conservative central banker is an optimal policy in an international context with monetary spillovers between countries, even in the absence of time inconsistency (credibility) issues. We also study the...

Persistent link: https://www.econbiz.de/10005114375

Governance and Growth

Gradstein, Mark - C.E.P.R. Discussion Papers - 2002

Because of its inappropriability, protection of property rights is widely recognized as being the state’s responsibility. Moreover, recent empirical evidence suggests that it leads to higher investment levels and faster growth. Nevertheless, the extent of property rights protection differs...

Persistent link: https://www.econbiz.de/10005788934

Demand-Driven Financial Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995

The historical record suggests that economic development is associated with the rise of the financial sector. This rise is often triggered by exogenous events such as large budget deficits generated by wars or the availability of large investment projects such as railroads. This paper discusses...

Persistent link: https://www.econbiz.de/10005789013

Growth Effects of European Integration

Henrekson, Magnus; Torstensson, Rasha - C.E.P.R. Discussion Papers - 1996

This paper deals with the effects of European integration in the EC and EFTA on economic growth. Base regressions suggest that EC and EFTA memberships do in fact have a positive and significant effect on economic growth, and that there is no significant difference between EC and EFTA membership....

Persistent link: https://www.econbiz.de/10005789045

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 … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …. Societies that cannot switch out of the investment-based strategy, however, fail to converge to the world technology frontier …

Persistent link: https://www.econbiz.de/10005789082

Women's Liberation: What's in It for Men?

Doepke, Matthias; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2008

their own daughters and because an expansion of women's rights increases educational investments in children. We show that … corroborate our argument with historical evidence on the expansion of women's rights in England and the United States. …

Persistent link: https://www.econbiz.de/10005789186

Democratic Capital: The Nexus of Political and Economic Change

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 2006

We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital - measured by a nation's...

Persistent link: https://www.econbiz.de/10005791276

Where Did all the Growth Go? External Shocks, Social Conflict and Growth Collapses

Rodrik, Dani - C.E.P.R. Discussion Papers - 1998

This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes, in particular, the manner in which social conflicts interact with external shocks on the...

Persistent link: https://www.econbiz.de/10005791496

Institutions For High-Quality Growth: What They Are And How To Acquire Them

Rodrik, Dani - C.E.P.R. Discussion Papers - 2000

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that underpin them. The paper emphasizes the importance of...

Persistent link: https://www.econbiz.de/10005791566