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Financial development, financial fragility, and growth

Loayza, Norman; Rancière, Romain - 2002

This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...

Persistent link: https://www.econbiz.de/10011409380

Culture, institutions & the long divergence

Bisin, Alberto; Rubin, Jared; Seror, Avner; Verdier, Thierry - 2021

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

Persistent link: https://www.econbiz.de/10012433961

Resource-richness and economic growth in contemporary U.S.

Jaimes, Richard; Gerlagh, Reyer - 2017

Between 1997 and 2014, US corn, soybean and cotton production almost fully converted to genetically modified crops. Starting around 2007, improved tight oil and shale gas technologies turned the declining US fossil fuel production into a booming industry. We study the effects of these two...

Persistent link: https://www.econbiz.de/10011761618

Do better schools lead to more growth? : cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10003806721

Transportation costs and the great divergence

Azarnert, Leonid V. - 2014

This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...

Persistent link: https://www.econbiz.de/10010347039

Investment in relationship-specific assets : does finance matter?

Strieborny, Martin; Kukenova, Madina - 2011

Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents …

Persistent link: https://www.econbiz.de/10009010059

Home bank intermediation of foreign direct investment

Poelhekke, Steven - 2011

This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host countries, rather than for its international...

Persistent link: https://www.econbiz.de/10009153880

Sorting and wage premiums in immoral work

Schneider, Florian; Brun, Fanny; Weber, Roberto A. - 2020

We use surveys, laboratory experiments and administrative labor-market data to study how heterogeneity in the perceived immorality of work and in workers' aversion to acting immorally interact to impact labor market outcomes. Specifically, we investigate whether those individuals least concerned...

Persistent link: https://www.econbiz.de/10012257790

Macroeconomic factors and micro-level bank risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

Persistent link: https://www.econbiz.de/10008697545

Religion in economic history : a survey

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2020

- Judaism, Christianity, and Islam - and on the period up to WWII. Works on Judaism address Jewish occupational specialization …, human capital, emancipation, and the causes and consequences of Jewish persecution. One set of papers on Christianity … various effects across the world. We highlight three general insights that emerge from this literature. First, the …

Persistent link: https://www.econbiz.de/10012229328

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