Found 128 article(s) for author 'Ricardo Hausmann'

Why Are So Many Countries Poor, Volatile, and Unequal?

Why Are So Many Countries Poor, Volatile, and Unequal? Ricardo Hausmann, 2014, Syllabus. “This course explores the causes and consequences of three salient and interrelated characteristics of developing countries, namely poverty, volatility, and inequality, and it links them to current themes in development policy. The course will characterize the relationships between these three problems and a varied class of proximate and deeper determinants of economic development, including national saving, human capital accumulation, international trade and technology diffusion, demography, geography, and macroeconomic…” Link

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Piketty’s Missing Knowhow

Piketty’s Missing Knowhow. Ricardo Hausmann, May 27, 2014, Opinion. “A useful way to understand the world’s economy is the elegant framework presented by Thomas Piketty in his celebrated book Capital in the Twenty-First Century. Piketty splits the world into two fundamental substances – capital and labor. Both are used in production and share in the proceeds. The main distinction between the two is that capital is something you can buy, own, sell, and, in principle, accumulate without limit, as the super-rich have done. Labor is the use of an individual capacity that can be remunerated but not owned by others, because slavery has ended…” Link

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The Mismeasure of Technology

The Mismeasure of Technology. Richardo Hausmann, April 29, 2014, Opinion. “There is nothing better than fuzzy language to wreak havoc – or facilitate consensus. Ludwig Wittgenstein argued that philosophical puzzles are really just a consequence of the misuse of language. By contrast, the art of diplomacy is to find language that can hide disagreement. One idea about which economists agree almost unanimously is that, beyond mineral wealth, the bulk of the huge income difference between rich and poor countries is attributable to neither capital nor education, but rather to “technology.” So what is technology?…” Link

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Marriage, education and assortative mating in Latin America

Marriage, education and assortative mating in Latin America. Ricardo Hausmann, April 1, 2014, Paper.  “In this article, we establish facts related to marriage and education in Latin American countries. Using census data from IPUMS International, we show how marriage and assortative mating patterns have changed from 1980 to 2000 and how the patterns in Latin America compare to the United States. We find that in Latin American countries, highly educated individuals are less likely to be married than the less educated, and the pattern is stronger for women…” May require purchase or user account. Link

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Why Are Rich Countries Democratic?

Why Are Rich Countries Democratic? Richardo Hausmann, March 26, 2014, Opinion. “When Adam Smith was 22, he famously proclaimed that, ‘Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.’ Today, almost 260 years later, we know that nothing could be further from the truth. The disappearance of Malaysia Airlines Flight 370 shows how wrong Smith was, for it highlights the intricate interaction between modern production and the state. To make air travel feasible…” Link

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Venezuela’s Bad Angels

Venezuela’s Bad Angels. Ricardo Hausmann, February 28, 2014, Opinion. “Fish do not know they are in water. They take it for granted. They would need to get out of water to understand how different things could be. Similarly, one way for people to see the uniqueness of what they consider normal is to contrast it with the past – or with an outlier, an example that bucks the current trend. A case in point is the dramatically low levels of violence that characterize the present, a fact uncovered by Steven Pinker in his 2011 book The Better Angels of Our Nature. The facts are imposing and incontrovertible. As Pinker convincingly shows…” Link

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How Should Uganda Grow?

How Should Uganda Grow? Ricardo Hausmann, February 2014, Paper. “Income per capita in Uganda has doubled in the last 20 years. This remarkable performance has been buoyed by significant aid flows and large external imbalances. Economic growth has been concentrated in non-tradable activities leading to growing external imbalances and a growing gap between rural and urban incomes. Future growth will depend on achieving sufficient export dynamism. In addition, growth faces a number of other challenges: low urbanization rate, rapid rural population growth and high dependency ratios. However, both the dependency…” Link verified August 21, 2014

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A Brain’s View of Economics

A Brain’s View of Economics. Ricardo Hausmann, January 29, 2014, Opinion. In his pathbreaking 2005 book On Intelligence, Jeff Hawkins proposed an alternative paradigm of how the human brain works. In his view, the brain is not a Turing machine that manipulates symbols according to a table of rules, which is the model on which computers and artificial intelligence have been based. Instead, the brain is a giant hierarchical memory that is constantly recording what it perceives and predicting what will come next. The brain makes predictions by finding similarities between patterns in recent sensory inputs and previous experiences stored in its vast memory…” Link

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How Should Uganda Grow?

How Should Uganda Grow? Ricardo Hausmann, January 14, 2014, Paper, “Income per capita in Uganda has doubled in the last 20 years. This remarkable performance has been buoyed by significant aid flows and large external imbalances. Economic growth has been concentrated in non-tradable activities leading to growing external imbalances and a growing gap between rural and urban incomes. Future growth will depend on achieving sufficient export dynamism. In addition, growth faces a number of other challenges: low urbanization rate, rapid rural population growth and high dependency ratios. However, both the dependency ratio and fertility rates have begun to decline recently. Rural areas are also severely overcrowded with low-productivity subsistence agriculture as a pervasive form of production. Commercial agriculture has great possibilities to increase output, but as the sector improves its access to capital, inputs and technology it will shed jobs rather than create them.” Link

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The Global Gender Gap Report 2014

The Global Gender Gap Report 2014. Ricardo Hausmann, 2014, Paper. “Through the Global Gender Gap Report 2014, the World Economic Forum quantifies the magnitude of gender-based disparities and tracks their progress over time. While no single measure can capture the complete situation, the Global Gender Gap Index presented in this Report seeks to measure one important aspect of gender equality: the relative gaps between women and men across four key areas: health, education, economy and politics…” Link

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