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The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted …. Given their size and integration, growth in EM7 could have significant cross-border spillovers. We provide empirical … estimates of these spillovers using a Bayesian vector auto regression model. We report three main results. First, spillovers …
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We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...
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