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R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth (strong scale effect) or the level of per capita income (weak scale effect), with far-reaching policy implications. However, for modern times there is little empirical support for...
Persistent link: https://www.econbiz.de/10010264334
The physical or absolute geography of Sub-Saharan Africa (SSA) is often blamed for its poor economic performance. A country's location however not only determines its absolute geography, it also pins down its relative position on the globe vis-à-vis other countries. This paper assesses the...
Persistent link: https://www.econbiz.de/10010271851
What sparked humanity's leap from stagnation to prosperity? What lies at the core of inequality among nations? Unified Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels of change that have governed the journey of humanity,...
Persistent link: https://www.econbiz.de/10015211347
This paper examines the effect of e-waste dumping sites on early child health. We focus on two major dumping sites in West Africa, in Ghana and Nigeria. We observe children born before and after the creation of these dumps, and estimate a difference-in-difference specification in which we...
Persistent link: https://www.econbiz.de/10013427702
Should a developing economy, such as India, have a macroeconomic policy framework that is identical to an advanced capitalist country? The answer is a "No", because the developing economies have external constraints, that the more developed countries do not. They also, often, need to achieve a...
Persistent link: https://www.econbiz.de/10014290085
Early in their formation, modern nation-states face internal conflicts that impede their economic development. This paper examines the role of national identity in helping modern states overcome such conflicts to provide public goods and grow. We develop a model in which the population can...
Persistent link: https://www.econbiz.de/10014290268
Evidence suggests that the prehistoric Out of Africa Migration has impacted the degree of intra-population genetic and phenotypic diversity across the globe. This paper provides the first evidence that this migration has shaped cultural diversity. Leveraging a folklore catalogue of 958 oral...
Persistent link: https://www.econbiz.de/10014290289
Tax havens have become a subject of great interest among policymakers, scholars and the general public, and are central to many important current policy debates. This chapter provides an overview of the scholarly literature on the characteristics and origins of tax havens. The earlier...
Persistent link: https://www.econbiz.de/10014377386
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014377422
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits, a significant component of the differences in income inequality across societies can be attributed to variation in societal...
Persistent link: https://www.econbiz.de/10014377470