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The World our Grandchildren Will Inherit: The Rights Revolution and Beyond
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 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/10011227928
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Democracy, Redistribution and Inequality
Acemoglu, Daron; Robinson, James Alan; Naidu, Suresh; … - National Bureau of Economic Research (NBER) - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10010723394
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Democracy Does Cause Growth
Acemoglu, Daron; Robinson, James Alan; Naidu, Suresh; … - National Bureau of Economic Research (NBER) - 2014
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...
Persistent link: https://www.econbiz.de/10010753942
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Reevaluating the Modernization Hypothesis
Acemoglu, Daron; Johnson, Simon; Robinson, James Alan; … - National Bureau of Economic Research (NBER) - 2007
This paper revisits and critically reevaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this hypothesis because they fail to control for the presence of...
Persistent link: https://www.econbiz.de/10005718204
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Constitutions, Politics and Economics: A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2005
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10005829826
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The Form of Property Rights: Oligarchic vs. Democratic Societies
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2003
new technologies, and how the unequal distribution of income in an oligarchic society supports the oligarchic institutions …
Persistent link: https://www.econbiz.de/10005778208
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Long Term Persistence
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - National Bureau of Economic Research (NBER) - 2008
Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam's conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...
Persistent link: https://www.econbiz.de/10005778376
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Income and Democracy
Acemoglu, Daron; Johnson, Simon; Robinson, James Alan; … - National Bureau of Economic Research (NBER) - 2005
We revisit one of the central empirical findings of the political economy literature that higher income per capita causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not typically control for factors that simultaneously affect...
Persistent link: https://www.econbiz.de/10005089016
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Modeling Inefficient Institutions
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2006
Why do inefficient %uF818 non-growth enhancing %uF818 institutions emerge and persist? This paper develops a simple … framework to provide some answers to this question. Political institutions determine the allocation of political power, and … economic institutions determine the framework for policy-making and place constraints on various policies. Groups with …
Persistent link: https://www.econbiz.de/10005036822
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Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution
Acemoglu, Daron; Johnson, Simon; Robinson, James Alan - National Bureau of Economic Research (NBER) - 2001
reversal is consistent with the role of institutions in economic development. The expansion of European overseas empires … starting in the 15th century led to a major change in the institutions of the societies they colonized. In fact, the European … likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal …
Persistent link: https://www.econbiz.de/10005580433