Showing 1 - 10 of 12
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …
Persistent link: https://www.econbiz.de/10012458732
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on … different associated institutions. The choice of colonization strategy was, at least in part, determined by whether Europeans … likely to set up worse (extractive) institutions. These early institutions persisted to the present. We document evidence …
Persistent link: https://www.econbiz.de/10012470979
the central role of political and economic institutions, as well as the endogenous evolution of technology, in shaping the … context of economic and political institutions, and also that the focus on the share of top incomes can give a misleading …
Persistent link: https://www.econbiz.de/10012457900
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/10012458660
, and - over the following 40 years - social conflict. This result is robust across alternative measures of conflict and is … period, a faster increase in population made social conflict more likely, probably because it increased competition for …
Persistent link: https://www.econbiz.de/10012455359
We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...
Persistent link: https://www.econbiz.de/10012462572
What is the effect of increasing life expectancy on economic growth? To answer this question, we exploit the international epidemiological transition, the wave of international health innovations and improvements that began in the 1940s. We obtain estimates of mortality by disease before the...
Persistent link: https://www.econbiz.de/10012466399
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/10012465318
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/10012460665
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10012462712