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Culture, Institutions and Democratization

Gorodnichenko, Yuriy - 2015

We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...

Persistent link: https://www.econbiz.de/10012457549

Precautionary Strategies and Household Saving

Aizenman, Joshua - 2015

Why do people save? A strand of the literature has emphasized the role of 'precautionary' motives; i.e., private agents save in order to mitigate unexpected future income shocks. An implication is that in countries faced with more macroeconomic volatility and risk, private saving should be...

Persistent link: https://www.econbiz.de/10012457649

Institutions, Human Capital and Development

Acemoglu, Daron; Gallego, Francisco A.; Johnson, Simon - 2014

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 bias problems and because of differential measurement...

Persistent link: https://www.econbiz.de/10012458732

The Nature and Incidence of Software Piracy : Evidence from Windows

Athey, Susan - 2013

This paper evaluates the nature, relative incidence and drivers of software piracy. In contrast to prior studies, we analyze data that allows us to measure piracy for a specific product - Windows 7 - which was associated with a significant level of private sector investment. Using anonymized...

Persistent link: https://www.econbiz.de/10012458908

Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth

McCord, Gordon C. - 2013

We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …

Persistent link: https://www.econbiz.de/10012459151

Carbon Markets : Past, Present, and Future

Newell, Richard G. - 2012

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...

Persistent link: https://www.econbiz.de/10012460144

International Trade and Institutional Change

Levchenko, Andrei A. - 2011

This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect institutions create rents for some parties within the economy, and are a source of comparative...

Persistent link: https://www.econbiz.de/10012460982

Culture, Institutions and the Wealth of Nations

Gorodnichenko, Yuriy - 2010

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...

Persistent link: https://www.econbiz.de/10012462288

The Economics of International Differences in Educational Achievement

Hanushek, Eric A. - 2010

An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit...

Persistent link: https://www.econbiz.de/10012462702

Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10012463732