Similar Search Results

Setting Standards: Information Accumulation in Development

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997

This paper proposes a model in which economic relations and institutions in advanced and less-developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue...

Persistent link: https://www.econbiz.de/10005667121

Vanishing Third World Emigrants?

Hatton, Timothy J.; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2009

This paper documents a stylized fact not well appreciated in the literature. The Third World has been undergoing an emigration life cycle since the 1960s, and, except for Africa, emigration rates have been level or even declining since a peak in the late 1980s the early 1990s. The current...

Persistent link: https://www.econbiz.de/10004972165

Was Prometheus Unbound by Chance? Risk, Diversification and Growth

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and … growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …

Persistent link: https://www.econbiz.de/10005124312

Agency Costs in the Process of Development

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

early stages of development, the range of projects and the amount of information are limited and agency costs are high … investigation of the development of financial institutions. We contrast the information aggregation role of stock markets and … information production role of banks. Because the amount of available information increases with development, our model predicts …

Persistent link: https://www.econbiz.de/10005136536

Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

Bates, Robert H; Coatsworth, John H; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 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/10005136542

Commodity Price Volatility and World Market Integration since 1700

Jacks, David S.; O'Rourke, Kevin Hjortshøj; … - C.E.P.R. Discussion Papers - 2009

Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know that commodity price volatility is a key source of those shocks. This paper explores commodity and manufactures prices over the past three centuries to answer three questions: Has...

Persistent link: https://www.econbiz.de/10005656266

Productivity Differences

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2000

Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...

Persistent link: https://www.econbiz.de/10005114308

The Commodity Export, Growth, and Distribution Connection in Southeast Asia 1500-1940

Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2013

This paper explores Southeast Asia's trade performance over the four and a half centuries from 1500 to 1940. It identifies the determinants of the commodity export performance – falling trade costs, income growth of its trading partners, and improved supply conditions at home. It also explores...

Persistent link: https://www.econbiz.de/10011084313