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This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10009225960
determined by the initial gap. We obtain these results with 2SLS estimates where slavery is used as an instrument for the initial … gap. The excludability of slavery is preliminarily established by instrumenting it with the share of disembarked slaves … initial racial gap in education and that slavery affects growth indirectly through this channel. …
Persistent link: https://www.econbiz.de/10009399722
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties …, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality …. Moreover, we find that the impact of slavery on current income inequality is determined by racial inequality. We test three …
Persistent link: https://www.econbiz.de/10008680759
We study the effect of civil conflict on social capital, focusing on the experience of Uganda during the last decade. Using individual and county-level data, we document large causal effects on trust and ethnic identity of an exogenous outburst of ethnic conflicts in 2002-05. We exploit two...
Persistent link: https://www.econbiz.de/10011083530
This paper argues that an economy's transition from Malthusian stagnation to modern growth requires markets to reach a critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of goods, a larger market makes goods more...
Persistent link: https://www.econbiz.de/10005041097
This Paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10005123594
This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...
Persistent link: https://www.econbiz.de/10005123712
This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a major role in the timing of demographic transitions across countries and has thereby been a significant determinant of the distribution of world population and a...
Persistent link: https://www.econbiz.de/10005124051
This research argues that international trade has played a significant role in the timing of demographic transitions across countries and has thereby been a major determinant of the distribution of world population and a prime cause of sustained differences in population growth and income levels...
Persistent link: https://www.econbiz.de/10005136437
industrialization transforms the economic landscape. …
Persistent link: https://www.econbiz.de/10005067409