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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012758136
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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
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
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Government, Openness and Finance : Past and Present
Demetriadis, Panicos - 2010
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
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Historical Evidence on the Finance-Trade-Growth Nexus
Bordo, Michael D. - 2011
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
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The European Origins of Economic Development
Easterly, William - 2012
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
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Three Epochs of Oil
Dvir, Eyal - 2009
, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world … economy coincided with uncertainty regarding access to supply. We present a modified commodity storage model that fully …
Persistent link: https://www.econbiz.de/10013160159
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Revealing Failures in the History of School Finance
Lindert, Peter H. - 2009
This essay proposes a set of non-econometric tests using data on wage structure, school resource costs, public expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer ones. Both the anomalies of education history, and its...
Persistent link: https://www.econbiz.de/10013155017
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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012772451
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Growing, Shrinking, and Long Run Economic Performance : Historical Perspectives on Economic Development
Broadberry, Stephen N. - 2017
Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved...
Persistent link: https://www.econbiz.de/10012957987
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The Colonial Origins of Comparative Development : An Investigation of the Settler Mortality Data
Albouy, David - 2010
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...
Persistent link: https://www.econbiz.de/10012759109