Similar Search Results

Reversal of Fortune : Geography and Institutions in the Making of the Modern World Income Distribution

Acemoglu, Daron - 2001

Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is...

Persistent link: https://www.econbiz.de/10012470258

The Colonial Origins of Comparative Development : An Empirical Investigation

Acemoglu, Daron - 2000

We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...

Persistent link: https://www.econbiz.de/10012470979

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron - 2014

Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...

Persistent link: https://www.econbiz.de/10012457900

The World Income Distribution

Acemoglu, Daron - 2001

trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world … country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross …

Persistent link: https://www.econbiz.de/10012470646

Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...

Persistent link: https://www.econbiz.de/10012462712

Political Limits to Globalization

Acemoglu, Daron - 2010

Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...

Persistent link: https://www.econbiz.de/10012462958

Reevaluating the Modernization Hypothesis

Acemoglu, Daron - 2007

explain diverging development paths within the former colonial world …

Persistent link: https://www.econbiz.de/10012465318

Disease and Development : The Effect of Life Expectancy on Economic Growth

Acemoglu, Daron - 2006

based on the pre-intervention distribution of mortality from various diseases around the world and dates of global …

Persistent link: https://www.econbiz.de/10012466399

Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"

Acemoglu, Daron - 2005

In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...

Persistent link: https://www.econbiz.de/10012467450

Cross-Country Inequality Trends

Acemoglu, Daron - 2002

The economics profession has made considerable progress in understanding the increase in wage inequality in the U.S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased much less, in (continental) Europe over the same time...

Persistent link: https://www.econbiz.de/10012469883