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conclusion has implications for the study of institutions, economics, and religion throughout history and in the developing world …When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an …
Persistent link: https://www.econbiz.de/10012771894
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/10013224891
that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world-wide and this … to have taken resource advantages away from the European and North American leaders, and integrating world financial …
Persistent link: https://www.econbiz.de/10013129186
-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly … trade costs hitting international supply chains. So far, the global economy has avoided the global trade wars and banking … collapses of the Depression perhaps due to improved policy. Even so, the global economy remains susceptible to large shocks due …
Persistent link: https://www.econbiz.de/10013133067
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over these seven critical...
Persistent link: https://www.econbiz.de/10013138324
trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …
Persistent link: https://www.econbiz.de/10013125572
This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980‐2010 for all countries for which the required information is available, controlling...
Persistent link: https://www.econbiz.de/10013098139
Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...
Persistent link: https://www.econbiz.de/10013104984
The US advantage in per capita output, apparent from the late 19th century, is frequently attributed to its relatively large domestic market. We construct market potential measures for the US and 26 other countries between 1880 and 1913 based on a general equilibrium model of production and...
Persistent link: https://www.econbiz.de/10013086325