Similar Search Results

Thorvaldur Gylfason - 2001

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and …

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

Natural resources and economic growth : what is the connection?

Thorvaldur Gylfason - 2001

This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital tends to crowd out foreign capital, social capital, human capital, andphysical capital, thereby impeding economic growth across countries and presumably also over time....

Persistent link: https://www.econbiz.de/10011399567

A wake-up-call theory of contagion

Ahnert, Toni; Bertsch, Christoph - 2015

We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions … attacks, bank runs and debt crises, our theory of contagion is supported by existing evidence and generates a new testable …

Persistent link: https://www.econbiz.de/10010508402

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 …

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

Closer look at revealed comparative advantage : gross-versus value added trade flows

Brakman, Steven; Marrewijk, Charles van - 2015 - This version: April 2015

examples using a single sector. In the Ricardian theory of comparative advantage, however, the position of a commodity versus …

Persistent link: https://www.econbiz.de/10010515478

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

Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico C. - 2015

We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...

Persistent link: https://www.econbiz.de/10011304762

Inequality undermines democracy and growth

Thorvaldur Gylfason - Villa Mondragone International Economic Seminar <30., … - 2019 - Final version 21 January 2019

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

Persistent link: https://www.econbiz.de/10011966802

From natural resources to human rights

Thorvaldur Gylfason - 2018

Per Magnus Wijkman was the first foreign observer to urge Iceland in print to regulate its fisheries by price. This was in 1975, nine years before the Icelandic fishing quota system came into effect, a system judged discriminatory and unconstitutional by the Supreme Court of Iceland in 1998 (but...

Persistent link: https://www.econbiz.de/10011927863