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Financial Institutions and the Wealth of Nations: Tales of Development
Tong, Jian; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2004
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The effectiveness of...
Persistent link: https://www.econbiz.de/10005124401
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Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment
Burgess, Robin; Pande, Rohini - C.E.P.R. Discussion Papers - 2004
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
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Economic Backwardness in Political Perspective
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 2002
We construct a simple model where political elites may block technological and institutional development, because of a ‘political replacement effect.’ Innovations often erode elites’ incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political...
Persistent link: https://www.econbiz.de/10005124137
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Accounting for Cross-Country Income Differences
Caselli, Francesco - C.E.P.R. Discussion Papers - 2004
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question ‘how much of the cross-country income variance can be attributed to...
Persistent link: https://www.econbiz.de/10005662006
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Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries
Griffith, Rachel; Redding, Stephen J.; Van Reenen, John - C.E.P.R. Discussion Papers - 2000
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...
Persistent link: https://www.econbiz.de/10005666847
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The Economic and Demographic Transition, Mortality, and Comparative Development
Cervellati, Matteo; Sunde, Uwe - C.E.P.R. Discussion Papers - 2013
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10011083690
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Life Expectancy and Economic Growth: The Role of the Demographic Transition
Cervellati, Matteo; Sunde, Uwe - C.E.P.R. Discussion Papers - 2009
individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …
Persistent link: https://www.econbiz.de/10005061474
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From Malthusian Stagnation to Modern Growth
Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1999
This paper examines the historical evolution of the relationship between population growth, technological change, and the standard of living. It considers several unified models that encompass the transition between three distinct regimes that have characterized the process of economic...
Persistent link: https://www.econbiz.de/10005791656
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The Gender Gap, Fertility and Growth
Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1995
This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … to men's. Second, increasing women's relative wages reduces fertility by raising the cost of children more than household … income. Third, lower fertility raises the level of capital per worker. This positive feedback loop generates a demographic …
Persistent link: https://www.econbiz.de/10005498148
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Population, Technology and Growth: From the Malthusian Regime to the Demographic Transition
Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1998
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10005662118