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Productivity in the Transportation Sector

Gordon, Robert J. - 2007

productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … airports, air traffic control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …

Persistent link: https://www.econbiz.de/10012778843

What's Driving Entrepreneurship and Innovation in the Transport Sector?

Choe, Derrick; Oettl, Alexander; Seamans, Robert - 2022

innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future …

Persistent link: https://www.econbiz.de/10013308125

Institutions, Human Capital and Development

Acemoglu, Daron; Gallego, Francisco A.; Robinson, James Alan - 2016

In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...

Persistent link: https://www.econbiz.de/10013006662

Real Exchange Rate Policies for Economic Development

Guzman, Martin - 2017

This paper analyzes the role of real exchange rate (RER) policies in promoting economic development. Markets provide a suboptimal amount of investment in sectors characterized by learning spillovers. We show that a stable and competitive RER policy may correct for this externality and other...

Persistent link: https://www.econbiz.de/10012946498

East Asian Financial and Economic Development

Morck, Randall - 2017

Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world's poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. China now seems poised to follow...

Persistent link: https://www.econbiz.de/10012947025

The Origins of Financial Development : How the African Slave Trade Continues to Influence Modern Finance

Levine, Ross - 2017

We assess how the African slave trade—which had enduring effects on social cohesion—continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 – 1900 period helps account for overall financial...

Persistent link: https://www.econbiz.de/10012948060

Flowers of Evil? Industrial Development and Long-Run Prosperity

Franck, Raphael - 2017

This research explores the effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, the study establishes that while the adoption of industrial technology was conducive to economic...

Persistent link: https://www.econbiz.de/10012949418

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Structural Change, Fundamentals and Growth : A Framework and Case Studies

McMillan, Margaret - 2017

Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reductions in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...

Persistent link: https://www.econbiz.de/10012956929

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron; Robinson, James Alan - 2014

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/10013039764