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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
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Do Institutions Cause Growth?
Glaeser, Edward L. - 2004
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...
Persistent link: https://www.econbiz.de/10012468125
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Reshaping Institutions : Evidence on Aid Impacts Using a Pre-Analysis Plan
Casey, Katherine - 2011
, developing innovative real-world outcomes measures, and using a pre-analysis plan to bind our hands against data mining. The …
Persistent link: https://www.econbiz.de/10012461646
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An Institutional Theory of Public Contracts : Regulatory Implications
Spiller, Pablo T. - 2008
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012464415
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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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Institutions, Human Capital and Development
Acemoglu, Daron - 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
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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
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Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run
Jones, Charles I. - 1999
This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...
Persistent link: https://www.econbiz.de/10012471409
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Empirical Tests of Alternative Models of International Growth
Kotlikoff, Laurence J. - 1984
Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an empirical analysis of these relationships. The first...
Persistent link: https://www.econbiz.de/10012477675
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Growth Accounting
Hulten, Charles R. - 2009
across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and …
Persistent link: https://www.econbiz.de/10012463309