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Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

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 framework highlights a number of novel results. First, standardization is … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …

Persistent link: https://www.econbiz.de/10012462712

Disease and Development : The Effect of Life Expectancy on Economic Growth

Acemoglu, Daron; Johnson, Simon - 2006

based on the pre-intervention distribution of mortality from various diseases around the world and dates of global …

Persistent link: https://www.econbiz.de/10012466399

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron; Robinson, James A. - 2014

Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...

Persistent link: https://www.econbiz.de/10012457900

Democracy Does Cause Growth

Acemoglu, Daron; Robinson, James A.; Restrepo, Pascual; … - 2014

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...

Persistent link: https://www.econbiz.de/10012458660

Institutions, Human Capital and Development

Acemoglu, Daron; Gallego, Francisco A.; Johnson, Simon - 2014

In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...

Persistent link: https://www.econbiz.de/10012458732

Reevaluating the Modernization Hypothesis

Acemoglu, Daron; Robinson, James A.; Yared, Pierre; … - 2007

explain diverging development paths within the former colonial world …

Persistent link: https://www.econbiz.de/10012465318

The Colonial Origins of Comparative Development : An Empirical Investigation

Acemoglu, Daron - 2000

We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...

Persistent link: https://www.econbiz.de/10012470979

The World our Grandchildren Will Inherit : The Rights Revolution and Beyond

Acemoglu, Daron - 2012

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we …

Persistent link: https://www.econbiz.de/10012460665

Political Limits to Globalization

Acemoglu, Daron - 2010

Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...

Persistent link: https://www.econbiz.de/10012462958

Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation

Acemoglu, Daron - 2017

Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...

Persistent link: https://www.econbiz.de/10012455604