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In this paper we present stylized facts of the Greek economy that characterize the causes and the consequences of its ongoing crisis. Then, we offer an explanation that can account for those causes and consequences. This explanation is based on the view of Greek society as consisting of two...
Persistent link: https://www.econbiz.de/10011083245
making its returns higher and less variable. Our theory also predicts that a more unequal distribution of social capital …
Persistent link: https://www.econbiz.de/10011084642
In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...
Persistent link: https://www.econbiz.de/10011213308
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
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
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts … of the production technology. This theory is applied to examine two principal phases in the evolution of the early state … transparency of the new farming technology. We then apply our theory to explain key institutional features that distinguished …
Persistent link: https://www.econbiz.de/10009283392
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 to 2000 to explore the economic factors associated with...
Persistent link: https://www.econbiz.de/10009320398
Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...
Persistent link: https://www.econbiz.de/10005789085
The paper provides a simple theory and empirical evidence on the asymmetric effect of credit markets on output decline …
Persistent link: https://www.econbiz.de/10005789097
The nineteenth century witnessed dramatic improvements in the legal rights of married women. Given that these changes took place long before women gained the right to vote, they amounted to a voluntary renouncement of power by men. In this paper, we investigate men's incentives for sharing power...
Persistent link: https://www.econbiz.de/10005789186