Showing 1 - 10 of 530
There is little causal evidence about deep-rooted sources of support for shifting power from nation-states to international organizations. Focusing on the European Union, this paper develops the hypothesis that citizens appreciate the role of international organizations in constraining member...
Persistent link: https://www.econbiz.de/10012862881
A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over … time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change …
Persistent link: https://www.econbiz.de/10013000216
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10013315756
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development …
Persistent link: https://www.econbiz.de/10013001168
Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …
Persistent link: https://www.econbiz.de/10013051272
Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …
Persistent link: https://www.econbiz.de/10013051273
Brain drain is a core economic policy problem for many developing countries today. Does relative inequality in source and destination countries influence the brain-drain phenomenon? We explore human capital selectivity during the period 1820-1909.We apply age heaping techniques to measure human...
Persistent link: https://www.econbiz.de/10013315938
This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network...
Persistent link: https://www.econbiz.de/10013011330
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10012921279
in economic development. Yet economic history is still dominated by the belief that institutions arise and survive …
Persistent link: https://www.econbiz.de/10013316895