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Implications of an Economic Theory of Conflict: Hindu-Muslim Violence in India
Ray, Debraj; Mitra, Anirban - National Bureau of Economic Research (NBER) - 2013
We model inter-group conflict driven by economic changes within groups. We show that if group incomes are low, increasing group incomes raises violence against that group, and lowers violence generated by it. We then apply the model to data on Hindu-Muslim violence in India. Our main result is...
Persistent link: https://www.econbiz.de/10010821753
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Finance and Inequality: Theory and Evidence
Demirguc-Kunt, Asli; Levine, Ross - National Bureau of Economic Research (NBER) - 2009
This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature …. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a … rich set of predictions concerning both the impact of finance on inequality and about the relevant mechanisms. Although …
Persistent link: https://www.econbiz.de/10005034350
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Learning the Wealth of Nations
Monge-Naranjo, Alexander; Primiceri, Giorgio; Buera, … - National Bureau of Economic Research (NBER) - 2008
We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...
Persistent link: https://www.econbiz.de/10005829929
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International R&D Spillovers and Institutions
Helpman, Elhanan; Hoffmaister, Alexander W.; Coe, David T. - National Bureau of Economic Research (NBER) - 2008
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10005830194
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Financiers vs. Engineers: Should the Financial Sector be Taxed or Subsidized?
PHILIPPON, Thomas - National Bureau of Economic Research (NBER) - 2007
the financial sector can improve welfare by increasing aggregate investment in research and development. …
Persistent link: https://www.econbiz.de/10005830217
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Does Finance Benefit Society?
Zingales, Luigi - National Bureau of Economic Research (NBER) - 2015
Academics’ view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do,...
Persistent link: https://www.econbiz.de/10011159882
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Corruption
Mullainathan, Sendhil; Banerjee, Abhijit; Hanna, Rema - National Bureau of Economic Research (NBER) - 2012
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. We...
Persistent link: https://www.econbiz.de/10011227914
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Banks, Free Banks, and U.S. Economic Growth
Rousseau, Peter; Jaremski, Matthew - National Bureau of Economic Research (NBER) - 2012
The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into developing regions, we find in county-level data that...
Persistent link: https://www.econbiz.de/10011227948
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The Nature of Conflict
Galor, Oded; Arbatli, Cemal Eren; Ashraf, Quamrul H. - National Bureau of Economic Research (NBER) - 2015
-century, accounting for a large set of geographical and institutional correlates of conflict, as well as measures of economic development … diversity on economic inequality within a society. …
Persistent link: https://www.econbiz.de/10011252653
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The Unofficial Economy in Africa
La Porta, Rafael; Shleifer, Andrei - National Bureau of Economic Research (NBER) - 2011
We examine the productivity of informal firms (those that are not registered with the government) in 24 African countries using field work and World Bank firm level data. We find that productivity jumps sharply if we compare small formal firms to informal firms, and rises rapidly with the size...
Persistent link: https://www.econbiz.de/10008855530