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22 votes
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Are democracies more economically productive than autocracies?

In economics, it is accepted that countries with good 'inclusive' institutions, such as strong property rights, are more productive and able to develop faster (or even develop at all) than countries ...
1muflon1's user avatar
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10 votes
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When countries industrialise, why do jobs from agriculture shift to manufacturing?

This is a common area of study in Development Economics. There is for example the Dual-sector model, first developed in 1954. It is very well explained in the link provided, but basically: [the] ...
luchonacho's user avatar
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10 votes
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Is investment in real estate a real investment?

Purchasing new homes would count as an investment. According to Blanchard et al. Macroeconomics: a European Perspective pp 568 in glossary investment is defined: Investment (I): Purchases of new ...
1muflon1's user avatar
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9 votes

What books to read to learn about geography and how it affects economic development?

A good starting point which should be accessible to people at all levels is the book "Guns, Germs, and Steel" by Jared Diamond. I believe this is one of the first and main seminal works in this area. ...
BB King's user avatar
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7 votes
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Interpretation of a 2SLS Coefficient - Civil War Determinants

You have a model $$(1)\ y = x \beta + e,$$ where $x$ is endogenous $\mathbb E[xe] \not =0$. This is the structural model in the sense that the parameter you are interested in is $\beta$ interpreted ...
Jesper Hybel's user avatar
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6 votes

When countries industrialise, why do jobs from agriculture shift to manufacturing?

A schematic picture is as follows: Industrialization also means industrialization of Agriculture. This kills land-related jobs in the sector while at the same time it increases output. Inceased ...
Alecos Papadopoulos's user avatar
6 votes
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What are some good resources to read on Development Economics from a neoliberal or Austrian perspective?

The reason why you cant find any sources on this is that you seem to be confused about what development economics and those different schools of economics are. I will first address the confusion and ...
1muflon1's user avatar
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6 votes

Most notable papers in Economics in 2021

This is an opinion question, but I'll give my opinion. In terms of methods, I like Arkhangelsky et al.'s synthetic diff-in-diff. In terms of applied economics, I liked Goncalves and Mello's study of ...
Michael Gmeiner's user avatar
6 votes

Most notable papers in Economics in 2021

I think the randomized trial of mask effectiveness is one of the most notable economic papers in 2021. This is not a pure economics paper and it is published in science that does not specialize in ...
WilliamT's user avatar
  • 1,833
6 votes

Most notable papers in Economics in 2021

Some papers that interested me this year (in game theory): Subgame-perfect equilibrium in games with almost perfect information: Dispensing with public randomization They show the seminal result of ...
Walrasian Auctioneer's user avatar
5 votes

When and why women left the labour market?

They worked at home. Like "Household Engineers" do today, doing everything working from down to dusk like their husbands, and like their husband they shared in the earnings of the household. Until the ...
marli's user avatar
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5 votes
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Development economics papers that used Difference-in-Differences

A very good paper that I had in my MA curriculum is Jaychandran and Pande, AER 2017: https://www.aeaweb.org/articles?id=10.1257/aer.20151282 (I believe this paper has open access, maybe on one of the ...
Tanay's user avatar
  • 308
5 votes

Most notable papers in Economics in 2021

Despite the fact that I am tired of reading paper's on natural experiments, there is one contribution in this field that captured my attention. Not only the topic is fascinating (Switzerland offered ...
Bertrand's user avatar
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4 votes

When countries industrialise, why do jobs from agriculture shift to manufacturing?

Aside from the economic arguments, a big difference was the amount of autonomy for the workers. Consider agriculture and similar rural employment (as servants etc) in the UK, even as recently as 1900....
alephzero's user avatar
  • 451
4 votes

When can we expect China to become a developed country?

Just because a country has a lot of resources (including human capital), it does not necessarily form a path for a developed nation. China is also very involved in military conflicts. It just takes ...
Vraj Shroff's user avatar
4 votes
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What is the relationship between population growth and economic growth?

This is actually quite complex issue. Taken narrowly answer to your question: what is the relationship between population growth and economic growth Is that simply the relationship is positive. ...
1muflon1's user avatar
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4 votes

What books to read to learn about geography and how it affects economic development?

As mentioned by @BBKing, "Guns, Germs, and Steel" by Jared Diamond is a great book. Another interesting one is "Why Nations Fails" by Daron Acemoglu and James A. Robinson. They argue that geography ...
emeryville's user avatar
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4 votes
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What should I gain out of second year classes?

Since you use the academic-graduate tag, I assume you're talking about the second year in a graduate (presumably PhD) program. Congrats on making it past the ...
Herr K.'s user avatar
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3 votes

Emergence of notion "primitive business" in the era of Industry 4.0 and globalization

There surely is research about the complement(s) of the (low tech) "primitive businesses", i.e. the high-tech and/or innovative businesses. The US CES for instance publishes a BDS-HT (...
the gods from engineering's user avatar
3 votes

What separates "rich" developing nations from "poor" developed nations?

All country classifications are conventions, which depend on the rule used by the particular institution. There is no hard (ontological) rule on any classification. There is no even consensus on the ...
luchonacho's user avatar
  • 8,591
3 votes
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Why traditional banks tend not to provide finance to the poor?

This is actually heavily studied question in development economics. Here are some common answers: Lack of secure property rights in developing countries. More substantial loans require collateral, in ...
1muflon1's user avatar
  • 56.4k
3 votes

Is investment in real estate a real investment?

By the way, after a house is built (whether it was built this year or many years ago) it does provide economic value. If renters live there, then the rent they pay is counted as a service in GDP. And ...
Daniel's user avatar
  • 294
3 votes
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Will economic discrepancy between democratic and authoritarian states decrease over time?

As you point out, going by the typical doctrine of extractive institutions from Why Nations Fail (Acemoglu), we have this basic framework: Disenfranchisement of private sector leads to capital flight ...
Arash Howaida's user avatar
3 votes

Literature recommendation on organised crime

I would suggest looking at some of the research by Francis Fukuyama. "Social Capital, Civil Society, and Development," Third World Quarterly 22 (no. 1, 2001). or https://fukuyama.stanford....
Arash Howaida's user avatar
3 votes

What should I gain out of second year classes?

As a grad student, anytime you read a paper my two pieces of advice are: Make sure you understand the tools and methods. You may need to use them later in your own research. There are things most ...
Michael Gmeiner's user avatar
2 votes

Eric Reinert's conspiracy theory?

I've read Eric Reinerts book and I do not think it is conspiracy theory because he explains also the economic background of the both symptoms you show. One point he describes is how free trade ...
giftnuss's user avatar
  • 221
2 votes

Are real wages a good measure of economic progress?

Thee are several issues including what happens about incomes that are not wages, but the main one is Not everybody earns a wage This is an issue for the self-employed (especially in agricultural ...
Henry's user avatar
  • 4,765
2 votes

When and why women left the labour market?

The Industrial Revolution was an important watershed in women’s work in that it shifted the location of work out of the home. Because of the importance of machines powered by water wheels or steam ...
chatGPT's user avatar
  • 1,344
2 votes

Developmental studies and industrial policy for the highly developed countries - research trends?

There is a lot of newish research on the adverse consequences of Globalisation and more generally De-industrialization on low skilled workers in developed economies. A good place to start is Autor, ...
Tobias's user avatar
  • 970

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