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The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800

Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005

Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between 1500 and 1800 look similar to the stagnating southern, central and eastern parts of Europe rather than the developing northwestern parts. In the advanced parts of India and...

Persistent link: https://www.econbiz.de/10005666692

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

Measuring the Aggregate Price Level: Implications for Economic Performance and Policy

Gordon, Robert J - C.E.P.R. Discussion Papers - 1992

Inaccurate measures of the aggregate price level may distort short-run policy decisions and may produce misleading comparisons of productivity growth across decades and among nations. Primarily intended for non-US readers, this paper serves the dual purpose of reviewing compactly the vast US...

Persistent link: https://www.econbiz.de/10005504571

Competition, Globalization and the Decline of Inflation

Chen, Natalie; Imbs, Jean; Scott, Andrew - C.E.P.R. Discussion Papers - 2004

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

Persistent link: https://www.econbiz.de/10005667140

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...

Persistent link: https://www.econbiz.de/10008468688

Institution Building and Growth in Transition Economies

Beck, Thorsten; Laeven, Luc - C.E.P.R. Discussion Papers - 2006

Drawing on the recent literature on economic institutions and the origins of economic development, we offer a political economy explanation of why institution building has varied so much across transition economies. We identify dependence on natural resources and the historical experience of...

Persistent link: https://www.econbiz.de/10005123823

Social Attitudes and Economic Development: An Epidemiological Approach

Algan, Yann; Cahuc, Pierre - C.E.P.R. Discussion Papers - 2007

In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...

Persistent link: https://www.econbiz.de/10005124005

Geography and Export Performance: External Market Access and Internal Supply Capacity

Redding, Stephen J.; Venables, Anthony J - C.E.P.R. Discussion Papers - 2003

international product market linkages. We begin with a novel decomposition of the growth in countries’ exports into the contribution …

Persistent link: https://www.econbiz.de/10005067391

Pollution and Growth: What Do We Know?

Grossman, Gene - C.E.P.R. Discussion Papers - 1993

This paper reviews the empirical evidence on the relationship between economic output and various dimensions of air and water quality. Pollution may rise with growth, because an increased scale of economic activity means more emissions, ceteris paribus. Economic growth may be associated with a...

Persistent link: https://www.econbiz.de/10005498085

Economic Geography and International Inequality

Redding, Stephen J.; Venables, Anthony J - C.E.P.R. Discussion Papers - 2000

This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained by the geography of access to markets and to sources...

Persistent link: https://www.econbiz.de/10005504220

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