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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
-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
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
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
outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
Persistent link: https://www.econbiz.de/10012457998
We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects...
Persistent link: https://www.econbiz.de/10012458419
In the summer of 2010, the Federal Reserve's and the Swedish Riksbank's inflation forecasts were below the former's mandate-consistent rate and the latter's target, respectively, and their unemployment forecasts were above sustainable rates. Given the mandates of the Federal Reserve and the...
Persistent link: https://www.econbiz.de/10012460835