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steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …
Persistent link: https://www.econbiz.de/10005662008
This research advances an evolutionary growth theory that captures the pattern of life expectancy in the process of …
Persistent link: https://www.econbiz.de/10005498168
Acemoglu and Johnson (2007), estimate that improvements in health have no impact on growth or any factors of growth; in …
Persistent link: https://www.econbiz.de/10011083259
unsatisfactory. Poor countries outside Africa, for instance, have an income per head which stands at about one third of the rich …
Persistent link: https://www.econbiz.de/10005656300
colonization mattered for growth. The following had some beneficial growth effects: being a dependency rather than a colony; being …, growth accelerates after independence. Variables proxying for colonial heritage add explanatory power to standard growth … for sub-Saharan Africa becomes less significant in a cross section of 98 countries after controlling for colonial …
Persistent link: https://www.econbiz.de/10005791768
consumption growth. Although moving out of agriculture resulted in much higher growth than staying in agriculture, growth was …
Persistent link: https://www.econbiz.de/10008530383
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …
Persistent link: https://www.econbiz.de/10009225960
Long-run trends in Africa’s well-being are provided on the basis of a new index of human development, alternative to … experienced in other developing regions. Within Africa, Sub-Saharan Africa has fallen steadily behind the North since mid-20th … economic mismanagement and political turmoil on growth, advances in human development since 1990 have depended almost …
Persistent link: https://www.econbiz.de/10009322973
Across African countries, prevention policies are unrelated to the prevalence of HIV/AIDS and, even in countries in which they were successful, these policies are often unstable or reversed. To explain these two puzzles, we propose a simple political economy model that examines how prevention...
Persistent link: https://www.econbiz.de/10011084348
Eleven percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used one quarter of the time. A choice-theoretic general equilibrium search model is constructed to analyze the Malawian epidemic. In the developed framework, people select...
Persistent link: https://www.econbiz.de/10011084502