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Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2005

We revisit one of the central empirical findings of the political economy literature that higher income per capita causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not typically control for factors that simultaneously affect...

Persistent link: https://www.econbiz.de/10005666490

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more...

Persistent link: https://www.econbiz.de/10005789082

The Simplest Unified Growth Theory

Strulik, Holger; Weisdorf, Jacob - C.E.P.R. Discussion Papers - 2007

This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...

Persistent link: https://www.econbiz.de/10005123712

Vertical Integration and Distance to Frontier

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...

Persistent link: https://www.econbiz.de/10005123937

Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2002

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10005136626

The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2003

This Paper documents that the rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of …. Atlantic trade and colonialism affected Europe both directly and indirectly by inducing institutional changes. In particular …, thus enabling new merchants in these countries to benefit from Atlantic trade. Therefore, the Rise of Europe was largely …

Persistent link: https://www.econbiz.de/10005067437

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...

Persistent link: https://www.econbiz.de/10011083861

Reevaluating the Modernization Hypothesis

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2007

This paper revisits and critically re-evaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this hypothesis because they fail to control for the presence...

Persistent link: https://www.econbiz.de/10005661513

How Child Costs and Survival Shaped the IndustrialRevolution and the Demographic Transition:A Theoretical Inquiry

Strulik, Holger; Weisdorf, Jacob - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010

This study provides a unied growth theory to correctly predictthe initially negative and subsequently positive relationship between child mortalityand net reproduction observed in industrialized countries over the courseof their demographic transitions. The model captures the intricate...

Persistent link: https://www.econbiz.de/10005870762

Poverty, Voracity, and Growth

Strulik, Holger - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2011

This article investigates economic performance when enforceable propertyrights are missing and basic needs matter for consumption. It suggests anew view of the so-called voracity eect according to which windfall gains inproductivity induce behavior that leads to lower economic growth. Takinginto...

Persistent link: https://www.econbiz.de/10009302589