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Economic Backwardness in Political Perspective

Acemoglu, Daron; Robinson, James A. - 2021

We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...

Persistent link: https://www.econbiz.de/10013246644

Finding Eldorado : Slavery and Long-Run Development in Colombia

Acemoglu, Daron - 2012

Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively … across the Americas, and slavery remained prevalent in most countries after independence from the European powers. We … investigate the impact of slavery on long-run development in Colombia. Our identification strategy compares municipalities that …

Persistent link: https://www.econbiz.de/10013104727

Vertical Integration and Technology : Theory and Evidence

Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - 2021

This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find that the relationship between a downstream (producer) industry and an upstream (supplier) industry is more likely to be vertically integrated when the producing industry is more...

Persistent link: https://www.econbiz.de/10013218968

The Rise of Europe : Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2021

This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...

Persistent link: https://www.econbiz.de/10013246977

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

Skills, Tasks and Technologies : Implications for Employment and Earnings

Acemoglu, Daron - 2012

A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two...

Persistent link: https://www.econbiz.de/10013116038

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

Offshoring and Directed Technical Change

Acemoglu, Daron - 2012

To study the short-run and long-run implications on wage inequality, we introduce directed technical change into a Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced from a continuum of intermediates (tasks). Some of...

Persistent link: https://www.econbiz.de/10013096853

State Capacity and American Technology : Evidence from the 19th Century

Acemoglu, Daron - 2016

Robert Gordon's The Rise and Fall of American Economic Growth provides a compelling interpretation of how technical change and innovation has radically changed the living standards of the citizens of the US in the past 150 years. Lying behind these changes are the institutions which have allowed...

Persistent link: https://www.econbiz.de/10012999991

The Environment and Directed Technical Change

Acemoglu, Daron - 2010

This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation....

Persistent link: https://www.econbiz.de/10013150439