Found 1786 article(s) in category 'Q1: Economic Growth'

The Globalization Paradox – Democracy and the Future of the World Economy

The Globalization Paradox – Democracy and the Future of the World Economy. Dani Rodrik, February 2011, Book. “Surveying three centuries of economic history, a Harvard professor argues for a leaner global system that puts national democracies front and center. From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization’s promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the “Washington Consensus”—brought great success and great failure…” May require purchase or user account. Link

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Capital Controls: Myth and Reality—A Portfolio Balance Approach

Capital Controls: Myth and Reality—A Portfolio Balance Approach. Carmen M. Reinhart, Kenneth Rogoff, February 2011, Paper. “The literature on capital controls has (at least) four very serious apples-to-oranges problems: (i) There is no unified theoretical framework to analyze the macroeconomic consequences of controls; (ii) there is significant heterogeneity across countries and time in the control measures implemented; (iii) there are multiple definitions of what constitutes a “success” and (iv) the empirical studies lack a common methodology–furthermore these are significantly “overweighted” by a couple of country cases…” Link

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Rethinking the Federal Bias Toward Homeownership

Rethinking the Federal Bias Toward Homeownership. Edward Glaeser, 2011, Paper. “The most fundamental fact about rental housing in the United States is that rental units are overwhelmingly in multifamily structures. This fact surely reflects the agency problems associated with renting single-family dwellings, and it should influence all discussions of rental housing policy. Policies that encourage homeowning are implicitly encouraging people to move away from higher density living; policies that discourage renting are implicitly discouraging multifamily buildings. Two major distortions shape the rental housing market…” Link.

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Fertility and the Plough

Fertility and the Plough. Nathan Nunn, 2011, Paper. “Recent studies provide evidence that a significant portion of the cross-country variation in female labor participation and fertility can be explained by cultural norms. In a recent paper, we examine the historical origins of these cultural differences (see Alesina, Giuliano, and Nunn 2010). We test the long-standing hypothesis, first developed by Ester Boserup (1970), that different attitudes about gender roles evolved because of differences in the form of agriculture traditionally practiced. In societies with shifting cultivation, agriculture is labor intensive, cultivation uses a hoe or a digging stick, and women actively participate…” Link

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The Potato’s Contribution to Population and Urbanization: Evidence from a Historical Experiment

The Potato’s Contribution to Population and Urbanization: Evidence from a Historical Experiment. Nathan Nunn, 2011, Paper. “We exploit regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas, to estimate the impact of potatoes on Old World population and urbanization. Our results show that the introduction of the potato was responsible for a significant portion of the increase in population and urbanization observed during the 18th and 19th centuries. According to our most conservative estimates, the introduction of the potato accounts for…” Link

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Creating Shared Value

Creating Shared Value. Michael Porter, January, 1, 2011, Paper. “The capitalist system is under siege. In recent years business increasingly has been viewed as a major cause of social, environmental, and economic problems. Companies are widely perceived to be prospering at the expense of the broader community. Even worse, the more business has begun to embrace corporate responsibility, the more it has been blamed for society’s failures. The legitimacy of business has fallen to levels not seen in recent history. This diminished trust in business leads political leaders to set policies that undermine competitiveness and sap economic growth. Business is caught in a vicious circle…” Link

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A Macroprudential Approach to Financial Regulation

A Macroprudential Approach to Financial Regulation. Jeremy Stein, Samuel Hanson, Winter 2011, Paper. “Many observers have argued that the regulatory framework in place prior to the global financial crisis was deficient because it was largely “microprudential” in nature. A microprudential approach is one in which regulation is partial equilibrium in its conception and aimed at preventing the costly failure of individual financial institutions. By contrast, a “macroprudential” approach recognizes the importance of general equilibrium effects, and seeks to safeguard the financial system as a whole. In the aftermath of the…” Link

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Innovation and Productivity Growth

Innovation and Productivity Growth. Dale Jorgenson, 2011, Paper. “The computer equipment manufacturing industry comprised only 0.3 percent of U.S. value added from 1960–2007, but generated 2.7 percent of economic growth and 25 percent of productivity growth. By comparison agriculture accounted for 1.8 percent of U.S. value added, but only 1.0 percent of economic growth during this period. This reflects the fact that agriculture has grown more slowly than the U.S. economy, while the computer industry has grown thirteen times as fast. However, agriculture accounted for fifteen percent of U.S. productivity growth, indicating…” Link

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Being Poor, Black, and American: The Impact of Political, Economic, and Cultural Forces

Being Poor, Black, and American: The Impact of Political, Economic, and Cultural Forces. William Julius Wilson, Spring 2011, Paper. “Through the second half of the 1990s and into the early years of the 21st century, public attention to the plight of poor black Americans seemed to wane. There was scant media attention to the problem of concentrated urban poverty (neighborhoods in which a high percentage of the residents fall beneath the federally designated poverty line), little or no discussion of inner-city challenges by mainstream political leaders, and even an apparent quiescence on the part of ghetto residents themselves …” Link

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Capitalism: Its Origins and Evolution as a System of Governance

Capitalism: Its Origins and Evolution as a System of Governance, Bruce Scott, 2011, Book. “Capitalism, as defined in this book, is an indirect, three-level system of governance for economic relationships (i.e., economic, administrative, and political). Whereas economic markets can coordinate supply and demand within an existing system thanks to the invisible hand of the pricing mechanism, capitalism must have the administrative capability to regulate the behavior of economic actors within those markets and the political capability to redesign their institutions; regulation and the design of market frameworks require the visible hand…Link

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