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The World Our Grandchildren Will Inherit : The Rights Revolution and Beyond
Acemoglu, Daron - 2012
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10013107770
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From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges
Wei, Shang-Jin - 2016
on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and … misallocation in the innovation area: while state-owned firms receive more subsidies, private firms exhibit more innovation results …
Persistent link: https://www.econbiz.de/10012978531
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On the Joint Evolution of Culture and Institutions
Bisin, Alberto - 2017
Explanations of economic growth and prosperity commonly identify a unique causal effect, e.g., institutions, culture, human capital, geography. In this paper we provide instead a theoretical modeling of the interaction between culture and institutions and their effects on economic activity. We...
Persistent link: https://www.econbiz.de/10012957362
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The Great Migration of Black Americans from the Us South : A Guide and Interpretation
Collins, William J. - 2022
The Great Migration from the US South is a prominent theme in economic history research not only because it was a prime example of large scale internal migration, but also because it had far-reaching ramifications for American economic, social, and political change. This article offers a concise...
Persistent link: https://www.econbiz.de/10014096644
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Economic Growth and Decline with Endogenous Property Rights
Tornell, Aaron - 2002
This paper introduces endogenous property rights into a neoclassical growth model. 1t identifies a mechanism that generates growth rates which are increasing at low levels of capital. and decreasing at high levels of capital. The driving force behind changes in property rights is the attempt of...
Persistent link: https://www.econbiz.de/10012787491
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Institutions vs. Policies : A Tale of Two Islands
Henry, Peter Blair - 2010
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...
Persistent link: https://www.econbiz.de/10012758058
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Latin America and Foreign Capital in the Twentieth Century : Economics, Politics, and Institutional Change
Taylor, Alan M. - 2021
Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. One cause of a low level of income per person was capital scarcity. Long run growth via capital deepening requires either the mobilization of domestic capital through savings, or large...
Persistent link: https://www.econbiz.de/10013239957
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Institutional and Non-Institutional Explanations of Economic Differences
Engerman, Stanley L.; Sokoloff, Kenneth L. - 2022
Although we cannot conceive of processes of economic growth that do not involve institutional change, in this essay we outline some reasons why one should be cautious about grounding a theory of growth on institutions. We emphasize how very different institutional structures have often been...
Persistent link: https://www.econbiz.de/10013323986
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The Consequences of Radical Reform : The French Revolution
Acemoglu, Daron; Cantoni, Davide; Johnson, Simon; … - 2022
The French Revolution of 1789 had a momentous impact on neighboring countries. The French Revolutionary armies during the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various radical institutional changes. French invasion removed the...
Persistent link: https://www.econbiz.de/10014209326
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Do Institutions Cause Growth?
Glaeser, Edward L.; La Porta, Rafael; Lopez de Silanes, … - 2021
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...
Persistent link: https://www.econbiz.de/10013227522