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Insurance Underwriter or Financial Development Fund : What Role for Reserve Pooling in Latin America?

Eichengreen, Barry - 2006

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...

Persistent link: https://www.econbiz.de/10012466213

Democracy and Development : The Devil in the Details

Persson, Torsten - 2006

Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...

Persistent link: https://www.econbiz.de/10012466677

The Growth Effect of Democracy : Is It Heterogenous and How Can It Be Estimated?

Persson, Torsten - 2007

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

Persistent link: https://www.econbiz.de/10012465503

Is Inequality Harmful for Growth? Theory and Evidence

Persson, Torsten - 1991

Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth...

Persistent link: https://www.econbiz.de/10012475421

Social Organizations and Political Institutions : Why China and Europe Diverged

Mokyr, Joel; Tabellini, Guido - 2023

Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on …, while Europe remained politically fragmented for much longer. These initial differences, however, were amplified by the … different social organizations (clans in China, corporate structures in Europe) that spread in these two societies at the turn …

Persistent link: https://www.econbiz.de/10014357030

Mobile Internet and the Rise of Political Tribalism in Europe

Manacorda, Marco; Tabellini, Guido; Tesei, Andrea - 2022

We study the political effects of the diffusion of mobile Internet between 2007 and 2017, using data on electoral outcomes and on mobile Internet signal across the 84,564 municipalities of 22 European countries. We find that access to mobile Internet increased voters’ support for right-wing...

Persistent link: https://www.econbiz.de/10014244346

Democracy and development : the devil in the details

Persson, Torsten; Tabellini, Guido - 2006

Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Persistent link: https://www.econbiz.de/10010261420

Creativity Over Time and Space - a Historical Analysis of European Cities

Serafinelli, Michel; Tabellini, Guido - 2021

and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth …

Persistent link: https://www.econbiz.de/10013235118

The Marshall Plan : History's Most Successful Structural Adjustment Program

De Long, J. Bradford - 1991

The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy … that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and … role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid …

Persistent link: https://www.econbiz.de/10012475088

Relaxing the External Constraint : Europe in the 1930s

Eichengreen, Barry - 1990

This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...

Persistent link: https://www.econbiz.de/10012475621