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Institutions Rule : The Primacy of Institutions Over Geography and Integration in Economic Development
Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - 2021
world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …
Persistent link: https://www.econbiz.de/10013224849
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Tropics, Germs, and Crops : How Endowments Influence Economic Development
Easterly, William; Levine, Ross - 2021
Does economic development depend on geographic endowments like temperate instead of tropical location, the ecological conditions shaping diseases, or an environment good for grains or certain cash crops? Or do these endowments of tropics, germs, and crops affect economic development only through...
Persistent link: https://www.econbiz.de/10013313760
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
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The Colonial Origins of Comparative Development : An Empirical Investigation
Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2021
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...
Persistent link: https://www.econbiz.de/10013236802
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The Value of Luminosity Data as a Proxy for Economic Statistics
Chen, Xi - 2010
One of the pervasive issues in social and environmental research has been to improve the quality of socioeconomic data in developing countries. Because of the shortcoming of standard data sources, the present study examines luminosity (measures of nighttime lights) as a proxy for standard...
Persistent link: https://www.econbiz.de/10013138765
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Financial Development in 205 Economies, 1960 to 2010
Čihák, Martin - 2013
financial systems around the world. The database provides information on financial systems in 205 economies over the period from …
Persistent link: https://www.econbiz.de/10013083757
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Financial Development and the Choice of Trade Partners
Chan, Jackie - 2013
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10013085496
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Can the Doha Round Be a Development Round? Setting a Place at the Table
Bagwell, Kyle - 2014
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10013067007
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Commodity Price Volatility and World Market Integration Since 1700
Jacks, David S. - 2009
of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …
Persistent link: https://www.econbiz.de/10012764828
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Land, Labor and Globalization in the Pre-Industrial Third World
Williamson, Jeffrey G. - 2021
A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …
Persistent link: https://www.econbiz.de/10013234038