Similar Search Results

Kraay, Aart - 2000

How do countries hold their financial wealth? We construct a new database of countries' claims on capital located at home and abroad, and international borrowing and lending, covering 68 countries from 1966 to 1997. We find that a small amount of capital flows from rich countries to poor...

Persistent link: https://www.econbiz.de/10012470955

Inequality and Growth : What Can the Data Say?

Banerjee, Abhijit V. - 2000

This paper describes the correlations between inequality and the growth rates in cross-country data. Using non-parametric methods, we show that the growth rate is an inverted U-shaped function of net changes in inequality: Changes in inequality (in any direction) are associated with reduced...

Persistent link: https://www.econbiz.de/10012470957

Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …

Persistent link: https://www.econbiz.de/10012470966

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

Natural Openness and Good Government

Wei, Shang-Jin - 2000

This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption and bad governance drive out international trade and investment more than domestic trade and investment, a naturally more open economy' as determined by its size and geography...

Persistent link: https://www.econbiz.de/10012470985

Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach

Doppelhofer, Gernot - 2000

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10012471000

Does Trade Raise Income? Evidence from the Twentieth Century

Irwin, Douglas A. - 2000

pre- World War I, the interwar, and the post-war periods, this paper finds that the Frankel-Romer result is robust to …

Persistent link: https://www.econbiz.de/10012471005

Last Minute Bidding and the Rules for Ending Second-Price Auctions : Theory and Evidence from a Natural Experiment on the Internet

Roth, Alvin E. - 2000

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in private value auctions. The reason is that very late...

Persistent link: https://www.econbiz.de/10012471021

The Role of Foreign Direct Investment in International Capital Flows

Lipsey, Robert E. - 2000

absorbing much of the world's supply, especially in the late 1980s, and then reverted to its earlier net supplier role. Direct …

Persistent link: https://www.econbiz.de/10012471030

Debt Restructuring

Friedman, Benjamin M. - 2000

shows how several ways in which the actual world of international lending departs from these conditions give both lenders …

Persistent link: https://www.econbiz.de/10012471039