Showing 1 - 10 of 1,021
capital promoting institutions (e.g., public schooling) and thus the pace and the nature of the transition from an …
Persistent link: https://www.econbiz.de/10005124357
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions 'trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …
Persistent link: https://www.econbiz.de/10005667122
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
Lucas' 1988 model of the external effects of human capital formation is used as a starting point for an analysis of the impact of human capital on wages. Most empirical tests of new growth theory are based on time-series and cross-section data. This paper suggests a microeconometric approach to...
Persistent link: https://www.econbiz.de/10005497700
This Paper examines why developed countries are monogamous while rich men throughout history have tended to practice polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage market where polygyny is not ruled out. Our model...
Persistent link: https://www.econbiz.de/10005123932
Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...
Persistent link: https://www.econbiz.de/10005136637
We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10005792394
This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on the cross-country evidence for the OECD countries, but the paper also briefly reviews evidence from labour economics, to clarify where empirical work on education using macro...
Persistent link: https://www.econbiz.de/10005136728
draws on recent work in growth theory and places institutions and government policy at the heart of the growth process. We …
Persistent link: https://www.econbiz.de/10005792362
We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of...
Persistent link: https://www.econbiz.de/10005504282