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

Acemoglu, Daron - 2002

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/10012469325

Innovation, Reallocation and Growth

Acemoglu, Daron - 2013

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model...

Persistent link: https://www.econbiz.de/10012459669

Cross-Country Inequality Trends

Acemoglu, Daron - 2002

much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …

Persistent link: https://www.econbiz.de/10012469883

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

Acemoglu, Daron - 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/10012460215

The Consequences of Radical Reform : The French Revolution

Acemoglu, Daron - 2009

the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various …

Persistent link: https://www.econbiz.de/10012463816

The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide

Acemoglu, Daron - 2015

We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but then...

Persistent link: https://www.econbiz.de/10012457061

From Education to Democracy?

Acemoglu, Daron - 2005

The conventional wisdom views high levels of education as a prerequisite for democracy. This paper shows that existing evidence for this view is based on cross-sectional correlations, which disappear once we look at within-country variation. In other words, there is no evidence that countries...

Persistent link: https://www.econbiz.de/10012467481

Equalizing Superstars : The Internet and the Democratization of Education

Acemoglu, Daron - 2014

Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing - as many technologies of the last several decades have been - creating superstar teachers and a winner-take-all...

Persistent link: https://www.econbiz.de/10012458812

Mirage on the Horizon : Geoengineering and Carbon Taxation Without Commitment

Acemoglu, Daron - 2018

We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...

Persistent link: https://www.econbiz.de/10012453303

Kleptocracy and Divide-and-Rule : A Model of Personal Rule

Acemoglu, Daron - 2003

Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...

Persistent link: https://www.econbiz.de/10012468558