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Acemoglu, Daron - 2017

Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world …

Persistent link: https://www.econbiz.de/10012958980

The World Income Distribution

Acemoglu, Daron; Ventura, Jaume - 2021

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/10013249141

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

Acemoglu, Daron - 2021

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/10013212917

A Dynamic Theory of Resource Wars

Acemoglu, Daron - 2011

We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. The … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result …

Persistent link: https://www.econbiz.de/10013131444

Cascades in Networks and Aggregate Volatility

Acemoglu, Daron - 2010

We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...

Persistent link: https://www.econbiz.de/10013136361

Innovation by Entrants and Incumbents

Acemoglu, Daron - 2010

We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry...

Persistent link: https://www.econbiz.de/10013137600

A Political Theory of Populism

Acemoglu, Daron - 2011

When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician seeking reelection chooses "populist' policies - i.e., policies to the left...

Persistent link: https://www.econbiz.de/10013121061

Why Do Voters Dismantle Checks and Balances?

Acemoglu, Daron - 2011

Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...

Persistent link: https://www.econbiz.de/10013121590

History, Expectations, and Leadership in the Evolution of Social Norms

Acemoglu, Daron - 2011

We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...

Persistent link: https://www.econbiz.de/10013124659

Technical Change, Inequality, and the Labor Market

Acemoglu, Daron - 2011

This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...

Persistent link: https://www.econbiz.de/10013126042