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The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
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The marriage of Ferdinand of Aragon and Isabella of Castile in 1469 began the process of the eventual unification of Spain. Over the ensuing decades, Spain finally conquered the Muslims at Granada in 1492 and completed the Reconquista. Spain then began a period of imperial expansion with...
Persistent link: https://www.econbiz.de/10014105441
country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the … receiving territories are characterized by cultural traits in conflict with those embedded in the imported institutions. We … French institutions in Protestant areas. Then, using hand-collected data on pre-Napoleonic reigns we show that kingdoms with …
Persistent link: https://www.econbiz.de/10011405198
This paper examines the relationship between income and witch trials in early modern Europe. We start by using climate data to proxy for income levels. This builds on previous work by exploiting a far richer panel dataset covering 356 regions and 260 years, including both seasonal temperature...
Persistent link: https://www.econbiz.de/10011554681
of world GDP- and trade growth after the depression. Of course, whether SABT are not merely potentially in a position to … inquire into the macroeconomic governance structures of SABT in order to assess their capabilities for enhancing growth and … ; institutions ; Post Keynesianism ; comparative economic systems …
Persistent link: https://www.econbiz.de/10008663672
locomotives of world GDP- and trade growth after the depression. Of course, whether SABT are not merely potentially in a position … growth and employment and to converge to the OECD average in the medium to long run. -- Market constellations ; policy … regimes ; institutions ; Post Keynesianism ; comparative economic systems …
Persistent link: https://www.econbiz.de/10003940299
institutions as well as its combination of macro-level and firm-level dimensions. Theoretically, we use the index to propose two … is contingent on the quality of governance, and (2) institutional complementarity has no impact on life expectancy in the … respective economies. We theorize the importance of governance quality as a crucial factor in the analysis of capitalist systems …
Persistent link: https://www.econbiz.de/10014133871
effects of aggregate versus disaggregated exports? And (c) Does lower institutional quality hinder growth? Results show that …We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are …: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth …
Persistent link: https://www.econbiz.de/10010326923