Narrow search
Showing 1 - 10 of 310
Cover Image
Risk-sharing and land misallocation
Pietrobon, Davide; Ruggieri, Alessandro - 2024
We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a …' choices, leading them away from maximizing expected incomes and resulting in land misallocation. Using the latest ICRISAT …
Persistent link: https://www.econbiz.de/10015070295
Cover Image
Disaggregating the resource curse: Is the curse more difficult to dispel in oil states than in mineral states?
Azarchs, Timothy; Khitarishvili, Tamar - 2010
The hypothesis of the natural resource curse has captivated the economics profession, and since the mid-1990s has generated a large body of policymaking initiatives aimed at dispelling the curse. In this paper, we evaluate how the effect of resource abundance on economic growth has changed since...
Persistent link: https://www.econbiz.de/10010281737
Cover Image
Climatic fluctuations and the diffusion of agriculture
Ashraf, Quamrul; Michalopoulos, Stelios - 2013
This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory … the adoption of agriculture. Consistent with the proposed hypothesis, the empirical investigation demonstrates that … agriculture. Farming diffused earlier across regions characterized by intermediate levels of climatic fluctuations, with those …
Persistent link: https://www.econbiz.de/10010420257
Cover Image
Cultural assimilation, cultural diffusion and the origin of the wealth of nations
Ashraf, Quamrul; Galor, Oded - 2007
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10010318954
Cover Image
Cultural diversity, geographical isolation, and the origin of the wealth of nations
Ashrafy, Quamrul; Galorz, Oded - 2011
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10010284033
Cover Image
What to make of the Kaldor-Verdoorn law?
Basu, Deepankar; Budhiraja, Manya - 2020
The Kaldor-Verdoorn law refers to a positive but less than one-for-one relationship between the growth rates of output and labor productivity, with causality running from the former to the latter. Empirical research has affirmed such a relationship and have found that the Kaldor-Verdoorn...
Persistent link: https://www.econbiz.de/10012388915
Cover Image
Does the shadow economy raise observed aggregate efficiency? A cross-country comparison
Méon, Pierre-Guillaume; Schneider, Friedrich G.; … - 2006
We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the functional form of the production technology and the...
Persistent link: https://www.econbiz.de/10010294534
Cover Image
Misallocation and the Recovery of Manufacturing TFP After a Financial Crisis
Chen, Kaiji; Irarrazabal, Alfonso - 2013
financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity (TFP) of the … census. We find that a reduction in resource misallocation accounts for about 46 percent of the growth in manufacturing TFP … reason for the reduction in resource misallocation during this period. …
Persistent link: https://www.econbiz.de/10012143813
Cover Image
Mortgage choices and housing speculation
Barlevy, Gadi; Fisher, Jonas D. M. - 2010
We describe a rational expectations model in which speculative bubbles in house prices can emerge. Within this model both speculators and their lenders use interest-only mortgages (IOs) rather than traditional mortgages when there is a bubble. Absent a bubble, there is no tendency for IOs to be...
Persistent link: https://www.econbiz.de/10010292107
Cover Image
Macroeconomic implications of agglomeration
Davis, Morris A.; Fisher, Jonas D. M.; Whited, Toni M. - 2010
The authors construct a dynamic general equilibrium model of cities and use it to estimate the effect of local agglomeration on per capita consumption growth. Agglomeration affects growth through the density of economic activity: higher production per unit of land raises local productivity....
Persistent link: https://www.econbiz.de/10010292152