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Persistent link: https://www.econbiz.de/10011577572
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This paper estimates the effect of individual responsibility on economic development using an instrument derived from rainfall data. I argue that a taste for collective responsibility was adaptive in preindustrial societies that were exposed to high levels of agricultural risk, and that these...
Persistent link: https://www.econbiz.de/10014186739
After a decade of research, the effect of inequality on long-run economic growth remains unresolved, in part because researchers have treated omitted variable bias as an estimation problem rather than a deeper question of causality. In this article we argue that the key omitted variable is the...
Persistent link: https://www.econbiz.de/10014215776
This paper estimates the effect of individual responsibility on economic development using an instrument derived from rainfall data. I argue that a taste for collective responsibility was adaptive in preindustrial societies that were exposed to high levels of agricultural risk, and that these...
Persistent link: https://www.econbiz.de/10014126372
Theories of growth and international trade are reviewed critically from the perspective of understanding persistent inter-country and inter-regional income inequality. Three separate literatures are considered for the insights they offer about international disparity: Classical political...
Persistent link: https://www.econbiz.de/10012761552
Persistent link: https://www.econbiz.de/10015104801