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An 'Austrian' Model of Global Value Chains

Antràs, Pol - National Bureau of Economic Research - 2023

I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the production process mature for a longer period of time increases labor productivity, but it comes at the cost of higher working capital needs for firms. Under...

Persistent link: https://www.econbiz.de/10013537793

'Morality and Political Economy' from the Vantage Point of Economics

Enke, Benjamin - National Bureau of Economic Research - 2024

recent economics research on prominent ideas in moral psychology. First, the theory that morality is ultimately economically … politico-economic outcomes influence each other if they engage with research in economics …

Persistent link: https://www.econbiz.de/10014512133

The New Comparative Economics

Djankov, Simeon - 2003

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The …

Persistent link: https://www.econbiz.de/10012469090

Ricardo's Theory of Comparative Advantage : Old Idea, New Evidence

Costinot, Arnaud - 2012

When asked to name one proposition in the social sciences that is both true and non-trivial, Paul Samuelson famously replied: 'Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative advantage is mathematically...

Persistent link: https://www.econbiz.de/10012460690

Economic Imperialism

Lazear, Edward P. - 1999

Economics is not only a social science, it is a genuine science. Like the physical sciences, economics uses a …, economics stresses three factors that distinguish it from other social sciences. Economists use the construct of rational … have allowed economics to invade intellectual territory that was previously deemed to be outside the discipline's realm …

Persistent link: https://www.econbiz.de/10012471484

Exporting Christianity : Governance and Doctrine in the Globalization of US Denominations

Hanson, Gordon H. - 2011

In this paper we build a model of market competition among religious denominations, using a framework that involves incomplete contracts and the production of club goods. We treat denominations akin to multinational enterprises, which decide which countries to enter based on local market...

Persistent link: https://www.econbiz.de/10012461693

Culture, Institutions & the Long Divergence

Bisin, Alberto; Rubin, Jared; Seror, Avner; Verdier, Thierry - National Bureau of Economic Research - 2021

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

Persistent link: https://www.econbiz.de/10012482703

The Spanish Mission Legacy on Native American Reservations

Alston, Lee J.; Duggan, Marie Christine; Pastrana, … - National Bureau of Economic Research - 2022

We explore the long run impact of the Spanish missions on Native American outcomes in the early 20th century. Native communities who interacted with Spanish missionaries developed into enclaves which blended Catholicism with native culture. Some survived assaults on their property rights by...

Persistent link: https://www.econbiz.de/10013334468

Randomizing Religion : The Impact of Protestant Evangelism on Economic Outcomes

Bryan, Gharad T. - 2018

To test the causal impact of religiosity, we conducted a randomized evaluation of an evangelical Protestant Christian values and theology education program that consisted of 15 weekly half-hour sessions. We analyze outcomes for 6,276 ultra-poor Filipino households six months after the program...

Persistent link: https://www.econbiz.de/10012453436

Measuring the Average Period of Production

Antràs, Pol; Tubdenov, Vitalii - National Bureau of Economic Research - 2025

The importance of time in production was emphasized by Classical economists and was at the core of the Austrian capital theory proposed by Böhm-Bawerk and further elaborated by Wicksell, Hicks, Dorfman, and many others. A central concept in this literature is the existence of an 'average period...

Persistent link: https://www.econbiz.de/10015326492