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Latin America and Foreign Capital in the Twentieth Century : Economics, Politics, and Institutional Change
Taylor, Alan M. - 1999
Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. One cause of a low level of income per person was capital scarcity. Long run growth via capital deepening requires either the mobilization of domestic capital through savings, or large...
Persistent link: https://www.econbiz.de/10012471391
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The Consequences of Radical Reform : The French Revolution
Acemoglu, Daron - 2009
The French Revolution of 1789 had a momentous impact on neighboring countries. The French Revolutionary armies during the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various radical institutional changes. French invasion removed the...
Persistent link: https://www.econbiz.de/10012463816
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Institutions vs. Policies : A Tale of Two Islands
Henry, Peter Blair - 2008
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...
Persistent link: https://www.econbiz.de/10012464043
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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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Institutional and Non-Institutional Explanations of Economic Differences
Engerman, Stanley L. - 2003
Although we cannot conceive of processes of economic growth that do not involve institutional change, in this essay we outline some reasons why one should be cautious about grounding a theory of growth on institutions. We emphasize how very different institutional structures have often been...
Persistent link: https://www.econbiz.de/10012468703
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The Rise of Europe : Atlantic Trade, Institutional Change and Economic Growth
Acemoglu, Daron - 2002
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
Persistent link: https://www.econbiz.de/10012469325
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Economic Growth and Decline with Endogenous Property Rights
Tornell, Aaron - 1993
This paper introduces endogenous property rights into a neoclassical growth model. 1t identifies a mechanism that generates growth rates which are increasing at low levels of capital. and decreasing at high levels of capital. The driving force behind changes in property rights is the attempt of...
Persistent link: https://www.econbiz.de/10012474602
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The World our Grandchildren Will Inherit : The Rights Revolution and Beyond
Acemoglu, Daron - 2012
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10012460665
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Tapping into Talent : Coupling Education and Innovation Policies for Economic Growth
Akcigit, Ufuk - 2020
How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes … about the links between talent, higher education, and innovation. We use these facts to calibrate the model and study … combined with higher education policy that alleviates financial frictions for talented youth. Education and innovation policies …
Persistent link: https://www.econbiz.de/10012481166
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Deindustrialization and Industry Polarization
Sposi, Michael; Yi, Kei-mu; Zhang, Jing - National Bureau of Economic Research - 2021
We add to recent evidence on deindustrialization and document a new pattern: increasing industry polarization over time … deindustrialization, and sectoral trade integration is important for industry polarization through specialization. The interaction of …
Persistent link: https://www.econbiz.de/10012696392