This research explores the origins of the distribution of time preference across regions. It advances the hypothesis and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...

A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...

With this study we’re trying to bolster up the idea that digitization of information combined with the Internet is a form of general purpose technology, which rose a wide range of new possible combinations that could be provided by the digital economy. The impact of the digital economy over...

This paper studies private sector development in transition economies. To address this issue, many economist have focused on the issue of privatization, assuming that privatization is a proxy for private sector development. But as the experience of countries such as Poland has revealed,...

In this paper we clarify the impact that barriers to capital accumulation can have on a two-sector neoclassical growth model's ability to explain the observed differences in incomes across countries. We show that the effect of barriers to technology adoption in a two sector model is necessarily...

A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...

Trade is the principal channel through which the flow of ideas, knowledge and technology will take place. But it is not clear to what extent the recipient country can take advantage of these variables. Adoption, imitation and production process, by and large, depend on human capital in the...

This study empirically examines long run relationship between investment in telecommunication and economic growth in selected Asian countries. We resort to econometric tests such as panel unit root tests and panel cointegration test purposed by Pedroni (1997, 1999) for annual data from 1990-2010...

Desde principios de la década de 1960, Colombia viene sufriendo las consecuencias de un conflicto armado, que ha ido dejando tras de sí, la destrucción de una buena parte de las dotaciones del capital humano y físico del país. En este trabajo, hacemos un recorrido por la extensa literatura...

Since gaining independence in 1923 until the 2000s when the Republic of Turkey applied for membership in the European Union, volatile trends were recorded in the country in terms of both economic growth and financial performance. In the early stages, lack of human capital and hard currency...