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Political Limits to Globalization
Acemoglu, Daron - 2010
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to … suggests that a particular threat and a limiting factor to globalization and its future developments may be militarist …
Persistent link: https://www.econbiz.de/10012462958
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2010
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10012462712
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The Rise of Europe : Atlantic Trade, Institutional Change and Economic Growth
Acemoglu, Daron; Robinson, James A.; Johnson, Simon - 2002
, the growth of New World, African, and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie, and …
Persistent link: https://www.econbiz.de/10012469325
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Patterns of Skill Premia
Acemoglu, Daron - 1999
In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...
Persistent link: https://www.econbiz.de/10012471782
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10012460215
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(Successful) Democracies Breed Their Own Support
Acemoglu, Daron; Ajzenman, Nicolas; Aksoy, Cevat Giray; … - National Bureau of Economic Research - 2021
Using large-scale survey data covering more than 110 countries and exploiting within-country variation across cohorts and surveys, we show that individuals with longer exposure to democracy display stronger support for democratic institutions. We bolster these baseline findings using an...
Persistent link: https://www.econbiz.de/10012616615
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International Differences in Fiscal Policy During the Global Crisis
Bénétrix, Agustín S. - 2010
We examine the cross-country dispersion in fiscal outcomes during 2007-2009. In principle, international differences in fiscal policy may be related to differences in optimal fiscal positions, funding constraints, political economy factors and fiscal control problems. We find that the decline in...
Persistent link: https://www.econbiz.de/10012462310
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The Long or Short of it : Determinants of Foreign Currency Exposure in External Balance Sheets
Lane, Philip R. - 2009
A major focus of the recent literature on the determination of optimal portfolios in open-economy macroeconomic models has been on the role of currency movements in determining portfolio returns that may hedge various macroeconomic shocks. However, there is little empirical evidence on the...
Persistent link: https://www.econbiz.de/10012463739
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Long-Term Capital Movements
Lane, Philip R. - 2001
the world. In this paper, we show that a small set of fundamentals--shifts in relative output levels, the stock of public …
Persistent link: https://www.econbiz.de/10012470354
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The Holders and Issuers of International Portfolio Securities
Galstyan, Vahagn - 2016
Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregates the holders and issuers of international securities along sectoral lines. We find that patterns evident in the...
Persistent link: https://www.econbiz.de/10012456211