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Capital Fundamentalism and Structural Transformation

Tohari, Achmad; Parsons, Christopher Robert; Rammohan, Anu - 2021

We revisit the role of Capital Fundamentalism, in the context of the Government of Indonesia's Inpres Desa Tertinggal (IDT or Left Behind Village) Program, which injected capital into poor village economies. We evaluate the impact of the program on village welfare and structural transformation...

Persistent link: https://www.econbiz.de/10013223995

Expressway to Power : Infrastructure Projects and Political Support

Akbulut-Yuksel, Mevlude; Okoye, Dozie; Turan, Belgi - 2021

This paper provides causal evidence on how political parties consolidate power in an electoral democracy. We collect administrative data on expressway construction by the Justice and Development Party (AKP) in Turkey, and use province-by-year variation in expressway construction to show that...

Persistent link: https://www.econbiz.de/10013315186

How Do Parents Respond to Regulation of Sugary Drinks in Child Care? Evidence from California

Hu, Jiafei - 2019

To reduce sugar intake in children, California regulates the provision of sugar-sweetened beverages and juice by child care facilities. The regulation may reduce children's consumption of sugary beverages in the short run and weaken their preferences for sugary drinks in the long run. Whether...

Persistent link: https://www.econbiz.de/10012863815

Highway to Hell? Interstate Highway System and Crime

Calamunci, Francesca; Lonsky, Jakub - 2022

The United States witnessed an unprecedented crime wave in the second half of the twentieth century, with the total index crime rate more than tripling between 1960-1980. Little is known about the causes of this surge in criminal activity across the country. This paper investigates the role...

Persistent link: https://www.econbiz.de/10014240560

Relationship between the Real Estate Sector and the Stock Market in Chinese Provinces

Di, Zeyu; Heshmati, Almas; Liu, Sijia - 2022

In China, real estate and the stock market are the two main markets favored by both individual and institutional investors. There is a significant economic link between the two. Therefore, their relationship and long-term and short-term causality can provide good guidance for investors. This...

Persistent link: https://www.econbiz.de/10013405779

Health Implications of Building Retrofits : Evidence from a Population-Wide Weatherization Program

Künn, Steffen; Palacios, Juan - 2023

What is the impact of housing upgrades on occupant health? Although economists and policymakers are certain about the health implications of housing upgrades, empirical evidence is largely missing or else only based on small-scale experiments in developing countries. This study provides the...

Persistent link: https://www.econbiz.de/10014260008

Neoclassical Growth and Commodity Trade

Cunat, Alejandro; Maffezzoli, Marco - In: Review of Economic Dynamics 7 (2004) 3, pp. 707-736

We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across economies makes factor price equalization impossible. The model produces dynamics similar to those of the neoclassical growth model. However, free trade prevents identically parameterized...

Persistent link: https://www.econbiz.de/10005085506

Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

Bajona, Claustre; Kehoe, Timothy - In: Review of Economic Dynamics 13 (2010) 3, pp. 487-513

In models in which convergence in income levels across closed countries is driven by faster accumulation of a … productive factor in the poorer countries, opening these countries to trade can stop convergence and even cause divergence. We …. Divergence can occur for parameter values that would imply convergence in a world of closed economies and vice versa. Second …

Persistent link: https://www.econbiz.de/10008504403

Labor Market Institutions, International Capital Mobility, and the Persistence of Underdevelopment

Bertocchi, Graziella - In: Review of Economic Dynamics 6 (2003) 3, pp. 637-650

countries involved. We contrast bargaining and perfect competition. Under perfect capital markets, convergence of capital and … convergence of the income shares, with unionized countries showing a lower wage rate and consequent capital inflows. Therefore …

Persistent link: https://www.econbiz.de/10005090984

Regional Economic Growth and Human Capital : The Role of Overeducation

Ramos, Raul - 2009

The paper analyses the link between human capital and regional economic growth in the European Union. Using various indicators of human capital calculated from census microdata, we conclude that the recent economic performance of European regions is associated with an increase in overeducation....

Persistent link: https://www.econbiz.de/10013155541