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What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....
Persistent link: https://www.econbiz.de/10012288516
Persistent link: https://www.econbiz.de/10011874845
This paper discusses dimensions of inequality in sub-Saharan Africa and their causes. It starts with a review of the empirical evidence about inequality during the colonial period as well as the post-independence era. Then it discusses the forces that determine inequality change, focusing on...
Persistent link: https://www.econbiz.de/10010249771
During the time of the Seigniorial tenure in New France there was relatively retarded economic development. Only a few have studied the reason for this low growth, giving reasons such as a shortage of capital and labour, a failure to integrate agriculture into the international trade sector and...
Persistent link: https://www.econbiz.de/10014198805
events. Rather, I derive from the historical evidence a theory of economic progress in general.The particular ‘sample' from … which I derive my theory is the economic history of preindustrial Europe. To test the theory ‘out of sample', I apply it to … Europe.The theory begins by broadening the definition of economic activity. Usually economic activity is identified with …
Persistent link: https://www.econbiz.de/10013135194
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack of diversification in Africa's economies-in contrast to...
Persistent link: https://www.econbiz.de/10011396968
Persistent link: https://www.econbiz.de/10011513980
Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap by arguing that, even in the short-run, some of the...
Persistent link: https://www.econbiz.de/10012024613
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
Persistent link: https://www.econbiz.de/10011880789
Economic development theories and their learning frameworks differently address farms and firms. This article argues that the traditional double-standard of the primacy of manufacturing rests on a debatable stages model that under-recognizes learning and innovation in agriculture and its...
Persistent link: https://www.econbiz.de/10012057489