This paper examines the political economy of coordination in a simple two-sector model in which individuals' choice of agricultural technology affects industrialization. We demonstrate the existence of multiple equilibria; the economy is either characterized by the use of a traditional...

In 1979, when anthropometric history was still in its infancy, Robert Fogel and collaborators reported that the height of the US male white population began to decline quite unexpectedly around the birth cohorts of 1830. This was quite a conundrum on account of the fact that according to...

Using {dollar}2–{dollar}20 purchasing power parity per capita daily income as the definition of middle class, Zhang Yuan, Guanghua Wan, and Niny Khor find that majority of households in the People's Republic of China have become middle class by 2007. This is especially impressive given that...

In der saechsischen Industrie truebte sich das Geschaeftsklima im Dezember 2000 nach einer Besserung in den beiden vorangegangenen Monaten zwar ein, blieb aber weit im positiven Bereich. Die Klimawerte fuer den Durchschnitt der neuen Laender wurden nicht mehr so deutlich uebertroffen wie in den...