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Adjustment to target capital, finance and growth

Ciccone, Antonio; Papaioannou, Elias - Department of Economics and Business, Universitat … - 2006

Does financial development result in capital being reallocated more rapidly to industries where it is most productive …? We argue that if this was the case, financially developed countries should see faster growth in industries with … investment opportunities due to global demand and productivity shifts. Testing this cross-industry cross-country growth …

Persistent link: https://www.econbiz.de/10005772470

Ethnic Inequality

Alesina, Alberto; Michalopoulos, Stelios; Papaioannou, Elias - Brown University, Department of Economics - 2012

comparative development. We also show that ethnic inequality goes in tandem with lower levels development also within countries …

Persistent link: https://www.econbiz.de/10011196606

The Long-Run Effects of the Scramble for Africa

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2011

We examine the long-run consequences of the scramble for Africa among European powers in the late 19th century and uncover the following empirical regularities. First, using information on the spatial distribution of African ethnicities before colonization, we show that borders were arbitrarily...

Persistent link: https://www.econbiz.de/10009371464

Divide and Rule or the Rule of the Divided? Evidence from Africa

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2010

-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial … we document a positive cross-sectional association between national institutions and regional economic development … regional development. The positive within country effect of pre-colonial institutions also obtains in regions of partitioned …

Persistent link: https://www.econbiz.de/10008683528

Divide and Rule or the Rule of the Divided? Evidence from Africa

Michalopoulos, Stelios; Papaioannou, Elias - Department of Economics, Tufts University - 2010

Persistent link: https://www.econbiz.de/10008691155

Divide and Rule or the Rule of the Divided? Evidence from Africa

Michalopoulos, Stelios; Papaioannou, Elias - School of Social Science, Institute for Advanced Study - 2011

-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial …-colonial ethnic institutional traits and contemporary regional development. While this correlation does not necessarily identify a …

Persistent link: https://www.econbiz.de/10009225981

Ethnic Inequality

Alesina, Alberto; Michalopoulos, Stelios; Papaioannou, Elias - Department of Economics, University of Warwick - 2013

to comparative development. Second, diﬀerences in geographic endowments across ethnic homelands explain a sizable portion … that between ethnic-group inequality is systematically linked to regional under-development. In this sample we also explore … the channels linking ethnic inequality to (under) development, ﬁnding that ethnic inequality maps to political inequality …

Persistent link: https://www.econbiz.de/10010758443

The Long-Run Effects of the Scramble for Africa

Michalopoulos, Stelios; Papaioannou, Elias - Department of Economics, University of Warwick - 2013

We examine the long-run consequences of the scramble for Africa among European powers in the late 19th century and uncover the following empirical regularities. First, utilizing information on the spatial distribution of African ethnicities before colonization, we show that apart from the land...

Persistent link: https://www.econbiz.de/10010758514

National Institutions and Subnational Development in Africa

Michalopoulos, Stelios; Papaioannou, Elias - Department of Economics, University of Warwick - 2013

We investigate the role of national institutions on subnational African development in a novel framework that accounts …-effect of national institutions on ethnic development masks considerable heterogeneity partially driven by the diminishing role …

Persistent link: https://www.econbiz.de/10010862707

National Institutions and African Development: Evidence from Partitioned Ethnicities

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2012

We investigate the role of national institutions on regional development in a novel framework. We exploit the fact that … correlation between formal national institutions and economic development has to be carefully interpreted. …

Persistent link: https://www.econbiz.de/10011084103