Wirtschaftskrisen, -einbrüche und -schocks können verheerend sein, doch langfristig wirkten sie offenbar oft transformativ. Harold James zeigt auf, inwiefern die großen Krisen ab Mitte des 19. Jahrhunderts – von der Hungerkrise in Irland über die großen Weltwirtschaftskrisen bis zu den...

This paper studies how comparative advantage and the political elites' endowments shape long-run performance in an economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners favours openness to trade at an early stage of...

In this paper, the world distribution of personal incomes (WDPI) is estimated using a global sample comprising country sample clones. A clone is a random sample that reproduces – with predetermined high probability and precision – an unknown survey sample using information that is 'encoded'...

We investigate whether firms' "global engagement", either in the form of exporting or opening up affiliates abroad, is related to the change in their management performance. We use new and unique data from a recent large scale firm survey of management practices in Germany. We calculate...