Showing 1 - 10 of 273
. According to our preferred interpretation, these events provide evidence that, under weak institutions, popular mobilization and …
Persistent link: https://www.econbiz.de/10011083238
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
. Active pre-1800 parliaments also enhanced the quality of democratic institutions in the nineteenth and early twentieth …
Persistent link: https://www.econbiz.de/10008530357
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality. In other words, those counties that displayed a higher...
Persistent link: https://www.econbiz.de/10008680759
We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....
Persistent link: https://www.econbiz.de/10011083675
Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance …. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where … any group that exerts sufficient fighting effort can launch a rebellion that destroys the existing institutions. The …
Persistent link: https://www.econbiz.de/10011084465
-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …
Persistent link: https://www.econbiz.de/10009321839
This paper surveys the evidence on the effectiveness of monetary transmission in developing countries. We summarize the arguments for expecting the bank lending channel to be the dominant means of monetary transmission in such countries, and present a simple model that suggests why this channel...
Persistent link: https://www.econbiz.de/10009322980
the answer may be no is that countries pursuing poor macroeconomic policies also have weak ‘institutions’, including … political institutions that do not constrain politicians and political elites, ineffective enforcement of property rights for … more ‘extractive’ institutions from their colonial past were more likely to experience high volatility and economic crises …
Persistent link: https://www.econbiz.de/10005136626
only because they serve as proxies for institutions. While we confirm their results using levels of policy variables … growth by about 0.75 percentage points. Political institutions have a role to play to the extent that they shape policy …
Persistent link: https://www.econbiz.de/10005114327