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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries bene…t and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …

Persistent link: https://www.econbiz.de/10011083861

Does Wealth Inequality Matter for Growth? The Effect of Billionaire Wealth, Income Distribution, and Poverty

Bagchi, Sutirtha; Svejnar, Jan - C.E.P.R. Discussion Papers - 2014

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine’s listing of billionaires and...

Persistent link: https://www.econbiz.de/10011084437

The Poor Stay Poor: Non-Convergence Across Countries and Regions

Canova, Fabio; Marcet, Albert - C.E.P.R. Discussion Papers - 1995

We study the issue of income convergence across countries and regions with a Bayesian model which allows us to use information in an efficient and flexible way. We argue that the very slow convergence rates to a common level of per-capita income found, for example, by Barro and Sala-i-Martin, is...

Persistent link: https://www.econbiz.de/10005067447

Global Divergence in Growth Regressions

Battisti, Michele; Di Vaio, Gianfranco; Zeira, Joseph - C.E.P.R. Discussion Papers - 2013

This paper extends the standard growth regression model by adding an assumption that a country follows the global technology frontier either fully or partially. This additional assumption changes significantly the growth regression model and its results in three main ways. First, it shows that...

Persistent link: https://www.econbiz.de/10011083897

Interpreting the 'One Big Wave' in US Long-Term Productivity Growth

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th century, then acceleration peaking in 1928-50, and then a deceleration to a slow rate after 1972 that returns...

Persistent link: https://www.econbiz.de/10005124204

Twentieth Century Growth

Crafts, Nicholas; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2013

This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...

Persistent link: https://www.econbiz.de/10011084318

Structural Development Accounting

Gancia, Gino A; Müller, Andreas; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2011

, costly adoption and spillovers from the world technology frontier. Despite its parsimonious parametrization, our empirical …

Persistent link: https://www.econbiz.de/10008854520

National Institutions and African Development: Evidence from Partitioned Ethnicities

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2012

national borders, close to the capital cities or to other parts of the world, they suggest that the cross-country positive …

Persistent link: https://www.econbiz.de/10011084103

Pre-colonial Ethnic Institutions and Contemporary African Development

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2012

We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance, as...

Persistent link: https://www.econbiz.de/10011084243

Further Evidence on the Link between Pre-Colonial Political Centralization and Comparative Economic Development in Africa

Michalopoulos, Stelios; Papaioannou, Elias - C.E.P.R. Discussion Papers - 2014

We examine the link between pre-colonial statehood and contemporary regional African development, as reflected in satellite images on light density at night. We employ a variety of historical maps to capture the former. Our within-country analysis reveals a strong positive correlation between...

Persistent link: https://www.econbiz.de/10011084301