Showing 1 - 10 of 2,649
of geography on policy choices and institutions. We find that location and climate have large effects on income levels …This paper addresses the complex relationship between geography and macroeconomic growth. We investigate the ways in … which geography may matter directly for growth, controlling for economic policies and institutions, as well as the effects …
Persistent link: https://www.econbiz.de/10012471963
This research argues that deep-rooted factors, determined tens of thousands of years ago, had a significant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that, in the course of the...
Persistent link: https://www.econbiz.de/10012461441
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … that geography's effects on development occurred exclusively through its effects on this historical institutional … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions …
Persistent link: https://www.econbiz.de/10012459151
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...
Persistent link: https://www.econbiz.de/10012470979
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/10012469401
Does economic development depend on geographic endowments like temperate instead of tropical location, the ecological conditions shaping diseases, or an environment good for grains or certain cash crops? Or do these endowments of tropics, germs, and crops affect economic development only through...
Persistent link: https://www.econbiz.de/10012469605
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
There is controversy about whether geography matters mainly because of its contemporaneous impact on economic outcomes …
Persistent link: https://www.econbiz.de/10012463730
The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of...
Persistent link: https://www.econbiz.de/10012460529
into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for … a stochastic growth model for 40 vulnerable countries and project welfare effects of climate-driven cyclone risk changes …
Persistent link: https://www.econbiz.de/10012480548