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We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize that economic development is a complex process driven by economic, political, social, and biophysical forces. Some economists have argued that the patterns reflect mainly the...
Persistent link: https://www.econbiz.de/10012459151
Africa and Sweden to illustrate that inequality dynamics cannot be understood without embedding economic factors in the …
Persistent link: https://www.econbiz.de/10012457900
Social Security system with annual adjustments of taxes or benefits to maintain fiscal balance; (2) Sweden's Notional Defined …
Persistent link: https://www.econbiz.de/10012463965
Why was the Black Death followed by the decline of serfdom in Western Europe but its' intensification in Eastern Europe? What explains why involvement in Atlantic trade in the Early Modern period was positively correlated with economic growth in Britain but negatively correlated in Spain? Why...
Persistent link: https://www.econbiz.de/10012461551
-development institutions, how should one understand why Imperial China, with weaker rule of law and property rights, gave the commoners more … par with the Elites in China in terms of power and rights. Based on these narratives, we build a game-theoretical model … stronger, and the Ruler's incentive to promote such symmetry will be greater. The theory explains the power structure …
Persistent link: https://www.econbiz.de/10012482621
China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic …
Persistent link: https://www.econbiz.de/10012459000
footprint effects for immigrants' confidence in political institutions. Taken together, these findings support the notion that …
Persistent link: https://www.econbiz.de/10012458809
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and … to improve along these two dimensions of investors' confidence in the medium run, and policies to reduce the impact of …
Persistent link: https://www.econbiz.de/10012468174
neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political … on complexity theory to further supplement the NIE and Cliometrics …
Persistent link: https://www.econbiz.de/10014226121
An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit...
Persistent link: https://www.econbiz.de/10012462702