Showing 1 - 10 of 19
This ground-breaking book adds an economic angle to a traditionally moral argument, demonstrating that slavery has … history of slavery around the world, from prehistory through the US Antebellum South to the present day, Wright illustrates … individuals from participating in the economy. Historians, economists, policymakers, and anti-slavery activists need no longer …
Persistent link: https://www.econbiz.de/10012397501
-- 4.Some Short Thoughts on “The Economics of Slavery”Thomas Straubhaar -- 5.Emancipation of the peasantry in Lower … that Ely Whitney had invented the Cotton Gin in 1793 and already then made slavery in cotton production literally … superfluous. While there have been several books on the economics of American slavery, few studies have examined this issue in an …
Persistent link: https://www.econbiz.de/10014015927
This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant differences in the propagation mechanisms of transitory versus...
Persistent link: https://www.econbiz.de/10012836533
Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....
Persistent link: https://www.econbiz.de/10013252030
Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these economies is whether commodity windfalls influence potential output. Our analysis...
Persistent link: https://www.econbiz.de/10012996084
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...
Persistent link: https://www.econbiz.de/10012998782
Gulf states, oil rents have financed a migration-facilitated economic expansion with small or negative productivity gains …
Persistent link: https://www.econbiz.de/10012999763
A large share of cross-country differences in productivity is explained by differences in agricultural productivity. Using a combination of sub-national agricultural statistics and geospatial datasets on crop-specific potential yields, we study the main drivers of this variation from a...
Persistent link: https://www.econbiz.de/10012863970
The heightened volatility of commodity prices in recent years, reflecting the effects of the pandemic and the war in Ukraine, begs the longstanding question of the optimal fiscal policy response to commodity price shocks. Fiscal performance in most commodity-exporting countries is typically...
Persistent link: https://www.econbiz.de/10014353685
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10013111408