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Empirical research on the determinants of economic growth has typically neglected the influence of religion. To fill … are the dependent variables. The instruments are dummy variables for the presence of state religion and for regulation of … the religion market, an indicator of religious pluralism, and the composition of religions. We find that economic growth …
Persistent link: https://www.econbiz.de/10012469016
Persistent link: https://www.econbiz.de/10009355394
Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...
Persistent link: https://www.econbiz.de/10012460499
This paper explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than...
Persistent link: https://www.econbiz.de/10012460900
trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …
Persistent link: https://www.econbiz.de/10012461634
that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world-wide and this … to have taken resource advantages away from the European and North American leaders, and integrating world financial …
Persistent link: https://www.econbiz.de/10012461848
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10012462195
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
We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...
Persistent link: https://www.econbiz.de/10012463011
Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect short and long run...
Persistent link: https://www.econbiz.de/10012463115