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Individual behavior and collective action : the path to Iceland's financial collapse

Thorvaldur Gylfason; Gylfi Zoega - 2019

. Furthermore, misplaced belief in a market economy where morals and ethics play no role paved the way to serious lapses in …, a failure due, at least in Iceland, to a combination of mistakes, incompetence and what can only be called corruption …

Persistent link: https://www.econbiz.de/10012110219

Social capital and crises with an application to Iceland

Thorvaldur Gylfason - 2015

Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...

Persistent link: https://www.econbiz.de/10011288794

The international economics of natural resources and growth

Thorvaldur Gylfason (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497703

Resource rents, democracy and corruption : evidence from Sub-Saharan Africa

Arezki, Rabah; Thorvaldur Gylfason - 2011

We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub …-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is … suggest that the mechanisms through which resource rents affect corruption cannot be separated from political systems …

Persistent link: https://www.econbiz.de/10009301201

Education, social equality and economic growth : a view of the landscape

Thorvaldur Gylfason; Gylfi Zoega - 2003

Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we …

Persistent link: https://www.econbiz.de/10011506215

Inequality and economic growth : do natural resources matter?

Thorvaldur Gylfason; Gylfi Zoega - 2002

This paper is intended to demonstrate, in theory as well as empirically, how increased dependence on natural resources tends to go along with less rapid economic growth and greater inequality in the distribution of income across countries. On the other hand, public policy in support of education...

Persistent link: https://www.econbiz.de/10011409782

Nature, power, and growth

Thorvaldur Gylfason - 2001

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …

Persistent link: https://www.econbiz.de/10011397924

Around the world with Irving Fisher

Thorvaldur Gylfason; Tómasson Helgi; Gylfi Zoega - 2015

This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin, Calcutta, and Tokyo from 1825 to 1927 suggested to him that nominal interest rates adjusted neither quickly nor fully to changes in inflation, not even in the long run. In...

Persistent link: https://www.econbiz.de/10010496089

Location decisions of foreign banks and competitor remoteness

Claessens, Stijn; Horen, Neeltje van - In: Journal of money, credit and banking : JMCB 46 (2014) 1, pp. 145-170

Persistent link: https://www.econbiz.de/10010464147

Foreign banks : trends and impact

Claessens, Stijn; Horen, Neeltje van - In: Journal of money, credit and banking : JMCB 46 (2014), pp. 295-326

Persistent link: https://www.econbiz.de/10010465031