Showing 1 - 10 of 220
The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of...
Persistent link: https://www.econbiz.de/10013105459
Many factors including incentive-pay, powerful shareholders, and takeover threats push for-profits managers towards maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance institutions, and the only check on managers are...
Persistent link: https://www.econbiz.de/10013227489
The American university was shaped in a formative period from 1890 to 1940 long before the rise of federal funding, the … increased, the research university blossomed, states vastly increased their funding of higher education, and the public sector …
Persistent link: https://www.econbiz.de/10013228238
transformed the relationship between universities and faculty. The university research system that has grown and evolved faces a …
Persistent link: https://www.econbiz.de/10013062014
We assess how the African slave trade—which had enduring effects on social cohesion—continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 – 1900 period helps account for overall financial...
Persistent link: https://www.econbiz.de/10012948060
which could intervene in the gold market to shield the domestic economy from external conditions. We proceed by identifying … separate supply' shocks, money supply shocks and demand shocks using a Blanchard-Quah methodology. We model the economy as a … small open economy on the gold standard and identify the shocks by imposing long run restrictions on the impact of the …
Persistent link: https://www.econbiz.de/10013220513
The critical role of governance in the promotion of economic development has created intense interest in the manner in 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...
Persistent link: https://www.econbiz.de/10013224891
This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are...
Persistent link: https://www.econbiz.de/10013068515
new ones. Thus, a multi-pronged reform agenda, sustained by a supportive political climate, created an economy of …
Persistent link: https://www.econbiz.de/10013071909
During the Colonial era usury laws in the United States were strict both in terms of the maximum rate that could be charged and the penalties that would be imposed. In Massachusetts in eighteenth century, for example, the maximum rate was 6 percent, and both principal and interest were forfeited...
Persistent link: https://www.econbiz.de/10013247184