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The Role of Institutions in Growth and Development

Acemoglu, Daron; Robinson, James Alan - In: Review of Economics and Institutions 1 (2010) 2

economic institutions. To solve the problem of development will entail reforming these institutions. Unfortunately, this is … reforms. Our analysis reveals challenges for those who would wish to solve the problem of development and poverty. That such … this paper. Better development policy will only come when we recognize this and understand these forces better …

Persistent link: https://www.econbiz.de/10008673444

14.452 Economic Growth, Fall 2008

Acemoglu, Daron - 2008

The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This half semester class presents an...

Persistent link: https://www.econbiz.de/10009432111

Setting standards: Information accumulation in development

Acemoglu, Daron; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 1997

We propose a model in which economic relations and institutions in advanced and less developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue that...

Persistent link: https://www.econbiz.de/10005772297

Economic Backwardness in Political Perspective

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 2002

We construct a simple model where political elites may block technological and institutional development, because of a … replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We … show that elites are unlikely to block development when there is a high degree of political competition, or when they are …

Persistent link: https://www.econbiz.de/10005124137

Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach

Acemoglu, Daron; Verdier, Thierry - C.E.P.R. Discussion Papers - 1996

We consider an economy where property rights are necessary to ensure sufficient rewards to ex-ante investments. Because enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the optimal organization of society and the optimal...

Persistent link: https://www.econbiz.de/10005124188

Was Prometheus Unbound by Chance? Risk, Diversification and Growth

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and … growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …

Persistent link: https://www.econbiz.de/10005124312

Agency Costs in the Process of Development

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

early stages of development, the range of projects and the amount of information are limited and agency costs are high … investigation of the development of financial institutions. We contrast the information aggregation role of stock markets and … information production role of banks. Because the amount of available information increases with development, our model predicts …

Persistent link: https://www.econbiz.de/10005136536

INSTITUTIONS AS THE FUNDAMENTAL CAUSE OF LONG-RUN GROWTH

Acemoglu, Daron; Johnson, Simon; Robinson, James - UNIVERSIDAD DE LOS ANDES-CEDE - 2004

cause of differences in economic development. We first document the empirical importance of institutions by focusing on wo …

Persistent link: https://www.econbiz.de/10005249808

Productivity Differences

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2000

Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...

Persistent link: https://www.econbiz.de/10005114308

Productivity Differences

Acemoglu, Daron; Zilibotti, Fabrizio - Institute for International Economic Studies (IIES), … - 1998

Many technologies used by the LDCs are developed in the OECD economies, and as such, are used to make optimal use of the skills of these richer countries' workforces. Due to differences in the supply of skills, some of tasks performed by skilled workers in the OECD economies will be carried out...

Persistent link: https://www.econbiz.de/10005648718