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An Explanation of the Greek Crisis: "The Insiders - Outsiders Society"

Kollintzas, Tryphon; Papageorgiou, Dimitris; … - C.E.P.R. Discussion Papers - 2012

In this paper we present stylized facts of the Greek economy that characterize the causes and the consequences of its ongoing crisis. Then, we offer an explanation that can account for those causes and consequences. This explanation is based on the view of Greek society as consisting of two...

Persistent link: https://www.econbiz.de/10011083245

Social Capital, Government Expenditures, and Growth

Ponzetto, Giacomo AM; Troiano, Ugo - C.E.P.R. Discussion Papers - 2014

making its returns higher and less variable. Our theory also predicts that a more unequal distribution of social capital …

Persistent link: https://www.econbiz.de/10011084642

The Resource Curse: A Corporate Transparency Channel

Durnev, Artyom; Guriev, Sergei - C.E.P.R. Discussion Papers - 2007

We propose and investigate a new channel through which the resource curse - a stylized fact that countries rich in natural resources grow slower - operates. Predatory governments are more likely to expropriate corporate profits in natural-resource industries when the price of resources is...

Persistent link: https://www.econbiz.de/10005504390

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

The Power of the Street: Evidence from Egypt's Arab Spring

Acemoglu, Daron; Hassan, Tarek; Tahoun, Ahmed - C.E.P.R. Discussion Papers - 2014

During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and ushered in an era of competition between three groups: elites associated with Mubarak's National Democratic Party (NDP), the military, and the Islamist Muslim Brotherhood....

Persistent link: https://www.econbiz.de/10011083238

Taxation and Development

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2013

The central question in taxation and development is: "how does a government go from raising around 10% of GDP in taxes to raising around 40%"? This paper looks at the economic and political forces that shape the way that fiscal capacity is created and sustained. As well as reviewing the...

Persistent link: https://www.econbiz.de/10011083455

Resistance to Technology Adoption: The Rise and Decline of Guilds

Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2013

technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market … predicted by our theory exists in a dataset of Italian guilds from the 14th to the 19th century. …

Persistent link: https://www.econbiz.de/10011083603

The Legacy of Historical Conflict: Evidence from Africa

Besley, Timothy J.; Reynal-Querol, Marta - C.E.P.R. Discussion Papers - 2012

There is a great deal of interest in the causes and consequences of conflict in Africa, one of the poorest areas of the world where only modest economic progess has been made. This paper asks whether post-colonial conflict is, at least in part, a legacy of historical conflict by examining the...

Persistent link: https://www.econbiz.de/10011083742

Geography, Transparency and Institutions

Mayshar, Joram; Moav, Omer; Neeman, Zvika - C.E.P.R. Discussion Papers - 2013

We propose a theory by which geographic variations in the transparency of the production process explain cross … theory to explain institutional differences between ancient Egypt and ancient Upper and Lower Mesopotamia. We also discuss … the relevance of our theory to analyses of the deep rooted factors affecting economic development and the growth of …

Persistent link: https://www.econbiz.de/10011083761

Sharing High Growth Across Generations: Pensions and Demographic Transition in China

Song, Zheng Michael; Storesletten, Kjetil; Wang, Yikai; … - C.E.P.R. Discussion Papers - 2012

Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension...

Persistent link: https://www.econbiz.de/10011083803