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systematically larger along the pre-Islamic trade routes in the Old World. The theory argues that this particular type of geography … economic performance. It suggests that the unequal distribution of land endowments conferred differential gains from trade … to institute a system of income redistribution. However, a higher propensity to save by the rich would exacerbate wealth …
Persistent link: https://www.econbiz.de/10008465532
countries. In each country, the incumbent autocrat will cater to the preferences of the elites when setting trade policy and the … manufacturing sector. This, in turn, can lead to a shift in the comparative advantage, a decision to open up to trade and an inflow …
Persistent link: https://www.econbiz.de/10009320995
I study the coexistence of formal and informal finance in underdeveloped credit markets. While weak institutions constrain formal banks, shallow pockets hamper informal lenders. In such economies, informal finance has two effects. By increasing the investment return it decreases borrowers’...
Persistent link: https://www.econbiz.de/10004987238
Recent research has emphasized the influence of colonization on the institutional development and economic performance in former European colonies. Where European colonizers settled, they replicated the investment-conducive institutions found at home. It has been argued that a harsh disease...
Persistent link: https://www.econbiz.de/10005385335
economic theory of internal political competition. …
Persistent link: https://www.econbiz.de/10010833900
countries. The incentives, trade-offs, and payoffs for developing countries, however, are not well documented. To help address …
Persistent link: https://www.econbiz.de/10010541203
We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much … to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology … diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …
Persistent link: https://www.econbiz.de/10008540415
USA, Canada and Argentina have challenged before the World Trade Organisation the European Communities’ (EC) denial of … dispute’s most important legal issues in order to see to what extent the dispute might influence the ongoing trade and … trade and environment debate. …
Persistent link: https://www.econbiz.de/10005570287
This paper examines the role that trade plays in economic development through the channel of technology transfer … between donor- and receiving countries. In this context, trade in (capital) goods allows technology import and improved input … decisions. Second, trade opens export markets, allowing learning-by-doing. Third and most importantly, trade increases the set …
Persistent link: https://www.econbiz.de/10005570290
Internet resources, extended media coverage and international organizations’ reports recently witness the increasing interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only channeled through the frame of corporate social...
Persistent link: https://www.econbiz.de/10005570238