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We show that the specification of technology differences in recent empirical studies of trade is not supported by basic growth theory and may lead to biased estimates of the pattern of specialization and trade.
Persistent link: https://www.econbiz.de/10010580502
Persistent link: https://www.econbiz.de/10005355687
Prehistoric measures of biogeography are used as instruments for modern income levels. We find that our instrumented incomes explain the cross-country pattern of corruption just as well as actual incomes, so the long-run causality appears to be entirely from income to corruption.
Persistent link: https://www.econbiz.de/10005066288