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Institutions, Human Capital and Development
Acemoglu, Daron - 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
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Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth
McCord, Gordon C. - 2013
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …
Persistent link: https://www.econbiz.de/10012459151
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Lost Decades : Lessons from Post-Independence Latin America for Today's Africa
Bates, Robert H. - 2006
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...
Persistent link: https://www.econbiz.de/10012466051
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Geography and Economic Development
Gallup, John Luke - 1998
This paper addresses the complex relationship between geography and macroeconomic growth. We investigate the ways in which geography may matter directly for growth, controlling for economic policies and institutions, as well as the effects of geography on policy choices and institutions. We find...
Persistent link: https://www.econbiz.de/10012471963
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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
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Equilibrium Fictions : A Cognitive Approach to Societal Rigidity
Hoff, Karla - 2010
framework, technology, contacts with the outside world, and changes in power and wealth matter not just directly but because …
Persistent link: https://www.econbiz.de/10012462860
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Culture and the Historical Process
Nunn, Nathan - 2012
This article discusses the importance of accounting for cultural values and beliefs when studying the process of historical economic development. A notion of culture as heuristics or rules-of-thumb that aid in decision making is described. Because cultural traits evolve based upon relative...
Persistent link: https://www.econbiz.de/10012460790
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2010
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10012462215
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World Technology Usage Lags
Comin, Diego A. - 2006
across the world. We do so by calculating how many years ago these technologies were used in the U.S. at the same intensity …
Persistent link: https://www.econbiz.de/10012465984
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron - 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