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Further Comments on The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2010
This paper addresses three issues related to the relative rates of growth in the United States, the European Union, and China during the four decades between 2000 and 2040. The first concerns the source of the factors which make it likely that China will continue to grow at a high rate for...
Persistent link: https://www.econbiz.de/10012462930
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Fairness and Redistribution : U.S. versus Europe
Alesina, Alberto - 2003
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10012469200
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Economic Backwardness in Political Perspective
Acemoglu, Daron - 2002
We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...
Persistent link: https://www.econbiz.de/10012469884
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Why Doesn't the US Have a European-Style Welfare System?
Alesina, Alberto - 2001
these factors appear to explain the differences between the US and Europe. Instead, the differences appear to be the result …
Persistent link: https://www.econbiz.de/10012470194
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Hobbesian Wars and Separation of Powers
Li, Weijia; Roland, Gérard; Xie, Yang - National Bureau of Economic Research - 2023
This paper formalizes the principle that persecution power of government may generate violent contests over it. We show that this principle yields a large set of theoretical insights on different separation-of-powers institutions that can help to preempt such contests under different...
Persistent link: https://www.econbiz.de/10014226142
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Migration and Welfare State : Why is America Different from Europe?
Razin, Assaf - 2014
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration …
Persistent link: https://www.econbiz.de/10012458218
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What is European Integration Really About? A Political Guide for Economists
Spolaore, Enrico - 2013
Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In …
Persistent link: https://www.econbiz.de/10012459539
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A Tale of Politically-Failing Single-Currency Area
Razin, Assaf - 2012
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United …
Persistent link: https://www.econbiz.de/10012460307
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The International Linkage of Real Interest Rates : The European - U.S. Connection
Cumby, Robert E. - 1984
rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …
Persistent link: https://www.econbiz.de/10012477666
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Patents as Options : Some Estimates of the Value of Holding European Patent Stocks
Pakes, Ariel - 1984
In many countries holders of patents must pay an annual renewal fee in order to keep their patents in force. This paper uses data on the proportion of patents renewed, and the renewal fees faced by, post World War II cohorts of patents in France, the United Kingdom, and Germany, in conjunction...
Persistent link: https://www.econbiz.de/10012477754