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Trade, extent of the market and economic growth 1960-1996

Alcalá, Francisco; Ciccone, Antonio - Department of Economics and Business, Universitat … - 2003

We find that trade and domestic market size are robust determinants of economic growth over the 1960-1996 period when trade openness is measured as the US dollar value of imports and exports relative to GDP in PPP US$ ('real openness'). When trade openness is measured as the US dollar value of...

Persistent link: https://www.econbiz.de/10005248470

Managing credit bubbles

Martin, Alberto; Ventura, Jaume - Department of Economics and Business, Universitat … - 2012

We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles, that is, expansions in credit that are backed not by...

Persistent link: https://www.econbiz.de/10011250932

Understanding bubbly episodes

Carvalho, Vasco; Martin, Alberto; Ventura, Jaume - Department of Economics and Business, Universitat … - 2012

Persistent link: https://www.econbiz.de/10009493740

Economic growth with bubbles

Martin, Alberto; Ventura, Jaume - Department of Economics and Business, Universitat … - 2003

We develop a stylized model of economic growth with bubbles. In this model, changes in investor sentiment lead to the appearance and collapse of macroeconomic bubbles or pyramid schemes. We show how these bubbles mitigate the effects of financial frictions. During bubbly episodes, unproductive...

Persistent link: https://www.econbiz.de/10005772187

Wealth, financial intermediation and growth

Gaytan, Alejandro; Rancière, Romain - Department of Economics and Business, Universitat … - 2004

This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...

Persistent link: https://www.econbiz.de/10005572616

Book production and the onset of modern economic growth

Baten, Jörg; Zanden, Jan Luiten van - Department of Economics and Business, Universitat … - 2007

Endogenous growth theory suggests that human capital formation plays a significant role for the ‘wealth and poverty of nations.’ In contrast to previous studies which denied the role of human capital as a crucial determinant of for really long-term growth, we confirm its importance....

Persistent link: https://www.econbiz.de/10005704888

The rise and decline of children's labour participation levels during the early stages of industrialisation. Catalonia (1850-1925)

Camps, Enriqueta - Department of Economics and Business, Universitat … - 2003

This article aims to analyse the reasons for the intensive use of child labour in the 19th century and its subsequent decline in the first third of the 20th century in the context of an economy with a highly flexible labour supply like that of Catalonia. During the second half of the 19th...

Persistent link: https://www.econbiz.de/10005772184

Gender specialization in households: An empirical analysis

Ortega, Francesc; Tanaka, Ryuichi - Department of Economics and Business, Universitat … - 2007

education has been more important for the attainment of male children (paternal specialization on sons). However, maternal … specialization (on daughters) seems to have appeared only for cohorts born after 1955. We interpret these results as evidence that … results are robust to the presence of hereditary unobserved ability and conjecture that both types of gender specialization …

Persistent link: https://www.econbiz.de/10005772388

Human capital and regional development

Gennaioli, Nicola; Laporta, Rafael; López-de-Silanes, … - Department of Economics and Business, Universitat … - 2011

We investigate the determinants of regional development using a newly constructed database of 1569 sub-national regions from 110 countries covering 74 percent of the world’s surface and 97 percent of its GDP. We combine the cross-regional analysis of geographic, institutional, cultural, and...

Persistent link: https://www.econbiz.de/10009327880

Structural development accounting

Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2010

We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...

Persistent link: https://www.econbiz.de/10008756413