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Determinants of Vertical Integration : Finance, Contracts, and Regulation
Acemoglu, Daron; Johnson, Simon; Mitton, Todd - 2005
We study the determinants of vertical integration in a new dataset of over 750,000 firms from 93 countries. Existing evidence suggests the presence of large cross-country differences in the organization of firms, which may be related to differences in financial development, contracting costs or...
Persistent link: https://www.econbiz.de/10012467255
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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/10012457900
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The Colonial Origins of Comparative Development : An Empirical Investigation
Acemoglu, Daron - 2000
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/10012470979
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Population and Civil War
Acemoglu, Daron; Fergusson, Leopoldo; Johnson, Simon - 2017
Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world …
Persistent link: https://www.econbiz.de/10012455359
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Do Some Enterprise Zones Create Jobs?
Kolko, Jed - 2009
We study how the employment effects of enterprise zones vary with their location, implementation, and administration, based on evidence from California. We use new establishment-level data and geographic mapping methods, coupled with a survey of enterprise zone administrators. Overall, the...
Persistent link: https://www.econbiz.de/10012463443
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Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth
Acemoglu, Daron; Robinson, James A.; Johnson, Simon; … - 2002
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10012469587
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Hither Thou Shalt Come, But No Further : Reply to "The Colonial Origins of Comparative Development
Acemoglu, Daron; Robinson, James A.; Johnson, Simon - 2011
David Albouy expresses three main concerns about the results in Acemoglu, Johnson and Robinson (2001) on the relationship between potential settler mortality and institutions. First, there is a general concern that there are high mortality outliers, potentially affecting this relationship, with...
Persistent link: https://www.econbiz.de/10012461691
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Distance to Frontier, Selection, and Economic Growth
Acemoglu, Daron - 2002
We analyze an economy where managers engage both in the adaptation of technologies from the world frontier and in … investments, but little selection. Closer to the world technology frontier, there is a switch to innovation-based strategy with …. However, societies that cannot switch out of the investment-based strategy fail to converge to the world technology frontier …
Persistent link: https://www.econbiz.de/10012469647
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Institutional Change and Institutional Persistence
Acemoglu, Daron - 2020
In this essay, we provide a simple conceptual framework to elucidate the forces that lead to institutional persistence and change. Our framework is based on a dynamic game between different groups, who care both about current policies and institutions and future policies, which are themselves...
Persistent link: https://www.econbiz.de/10012481156
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Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution
Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...
Persistent link: https://www.econbiz.de/10014372414