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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012464148
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Government, Openness and Finance : Past and Present
Demetriades, Panicos O. - 2010
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10012462195
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Equilibrium Fictions : A Cognitive Approach to Societal Rigidity
Hoff, Karla - 2010
framework, technology, contacts with the outside world, and changes in power and wealth matter not just directly but because …
Persistent link: https://www.econbiz.de/10012462860
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Growth in a Time of Debt
Reinhart, Carmen M. - 2010
We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...
Persistent link: https://www.econbiz.de/10012463011
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Foreign Currency Debt, Financial Crises and Economic Growth : A Long Run View
Bordo, Michael D. - 2009
Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect short and long run...
Persistent link: https://www.econbiz.de/10012463115
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Revealing Failures in the History of School Finance
Lindert, Peter H. - 2009
Both the anomalies of education history, and its less surprising contrasts, fit broad patterns that can be revealed and partially explained using low-tech methods. Over most of human history, contrasts in the output of education were driven mainly by contrasts in the supply of tax support for...
Persistent link: https://www.econbiz.de/10012463158
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Three Epochs of Oil
Dvir, Eyal - 2009
, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world … economy coincided with uncertainty regarding access to supply. We present a modified commodity storage model that fully …
Persistent link: https://www.econbiz.de/10012463721
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The Colonial Origins of Comparative Development : An Investigation of the Settler Mortality Data
Albouy, David Y. - 2008
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...
Persistent link: https://www.econbiz.de/10012464515
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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012464805
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Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century
Irwin, Douglas A. - 2002
Recent research has documented a positive relationship between tariffs and growth in the late nineteenth century. Such a correlation does not establish a causal relationship between tariffs and growth, but it is tempting to view the correlation as constituting evidence that protectionist or...
Persistent link: https://www.econbiz.de/10012469976