Showing 1 - 10 of 175
regulations affect the relationship between exchange rate regimes and economic growth during global recessions and recoveries …
Persistent link: https://www.econbiz.de/10015210901
Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth - the …
Persistent link: https://www.econbiz.de/10015210936
International migrants who seek protection also participate in the economy. Thus the policy of the United States to drastically reduce refugee and asylum-seeker arrivals from 2017 to 2020 might have substantial and ongoing economic consequences. This paper places conservative bounds on those...
Persistent link: https://www.econbiz.de/10013351856
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U- shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013426447
This paper contributes to the economics of AI by exploring three topics neglected by economists: (i) the notion of a Singularity (and Singleton), (ii) the existential risks that AI may pose to humanity, including that from an extraterrestrial AI in a Dark Forest universe; and (iii) the relevance...
Persistent link: https://www.econbiz.de/10013470476
—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014469638
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust …
Persistent link: https://www.econbiz.de/10010319479
progress for Generation X and Millennials is due to their stalled growth in work hours - holding work hours constant, they … Millennials under age 30 has remained robust as well, although their income growth largely results from higher reliance on their …
Persistent link: https://www.econbiz.de/10014533912
Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10015045465
We present an empirical evaluation of the growth effects of the brain drain for the source countries of migrants. Using … brain drain. By contrast, the brain drain appears to have negative growth effects in countries where the migration rate of …
Persistent link: https://www.econbiz.de/10010261555