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Empirical research on the determinants of economic growth has typically neglected the influence of religion. To fill … are the dependent variables. The instruments are dummy variables for the presence of state religion and for regulation of … the religion market, an indicator of religious pluralism, and the composition of religions. We find that economic growth …
Persistent link: https://www.econbiz.de/10012469016
When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an … conclusion has implications for the study of institutions, economics, and religion throughout history and in the developing world …
Persistent link: https://www.econbiz.de/10012464643
which the United States eliminated corruption. This paper examines the concept of corruption in American history; tracing … the term corruption to its roots in British political philosophy of the 17th and 18th century, and from there back to … Machiavelli, Polybius and Artistole. Corruption was defined prior to 1850 in a way that was significantly different from how it …
Persistent link: https://www.econbiz.de/10012467735
We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight...
Persistent link: https://www.econbiz.de/10012468438
exclusionary society. Economic and political development is contextual; that is, there is no recipe. Periods of relative …
Persistent link: https://www.econbiz.de/10012456531
Interconnections between banking crises and fiscal crises have a long history. We document the long-run evolution from classic banking panics towards modern banking crises where financial guarantees are associated with crisis resolution. Recent crises feature a feedback loop between bank...
Persistent link: https://www.econbiz.de/10012456615
What obstacles prevent the most productive technologies from spreading to less developed economies from the world's technological frontier? In this paper, we seek to shed light on this question by quantifying the geographic and human barriers to the transmission of technologies. We argue that...
Persistent link: https://www.econbiz.de/10012459301
In contrast, we find that past crisis experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries with more people who were exposed, over their lifetime, to larger disasters will tend to save more. This association, however,...
Persistent link: https://www.econbiz.de/10012460133
It is generally very difficult to measure the effects of a currency depreciation on a country's balance sheet and financing costs given the endogenous properties of the exchange rate. History provides at least one natural experiment to test whether an exogenous exchange rate depreciation can be...
Persistent link: https://www.econbiz.de/10012466369
In this paper we speculate about the evolution of the international monetary system in the last 2/3 of the 20th century absent the Great Depression but present the major post-Depression political and economic upheavals: WWII and II and the Cold War. We argue that without the Depression the...
Persistent link: https://www.econbiz.de/10012472945