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To identify effects of science on growth in the long-term, we need a shock to science which is sufficiently persistent. Was the Counter-Reformation—the Catholic reaction to Protestantism—such a shock? Did it harm science, unintentionally but enduringly, and thereby depress economic growth,...
Persistent link: https://www.econbiz.de/10014256189
. Both scholars observed that Protestant areas in the Western world seemed to gain faster and more wealth than areas with …
Persistent link: https://www.econbiz.de/10014096132
We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. The...
Persistent link: https://www.econbiz.de/10013227482
economic growth of peripheral economies during the so-called first age of financial globalization before 1914. For this paper … globalization. Our temptative explanation for this marked difference between now and then stresses property rights protection as a …
Persistent link: https://www.econbiz.de/10011793640
) a search for statistical evidence in the East of an “Early Globalization” comparable to the one ongoing in the West by … (agents, policies, etc.) and with dissimilar effects on long-run economic growth; 3) the absence of an “Early Globalization …” in the East reveals the existence of some economic and institutional limitations in this part of the world and …
Persistent link: https://www.econbiz.de/10013078780
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all … developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …
Persistent link: https://www.econbiz.de/10011495392
This contribution provides evidence for the hypothesis that trade increases growth through its curbing effect on capital taxes. The analysed mechanism includes two different steps and considers the critical points of both the theoretical and empirical studies in this field. In particular, the...
Persistent link: https://www.econbiz.de/10001772521
The roots of newly emerging forces of globalization exist in specific economic and political development in the late …, government of India introduced Structural Adjustment Programmes (SAPs) in July 1991. The World Trade Organization (WTO) which …
Persistent link: https://www.econbiz.de/10014186888
whether globalization makes it easier or harder for a country to escape from a poverty trap. Our model gives a definite answer …
Persistent link: https://www.econbiz.de/10012954362
The paper examines the nexus between economic globalization, financial development and institutional reform in India … financial development, economic globalization, and institutional reforms. From the short-run equation, the study finds the … negative and statistically significant impact of economic globalization on financial development in India whereas Sri Lanka has …
Persistent link: https://www.econbiz.de/10013228284