We provide evidence that democracy has a positive effect on GDP per capita. Our dynamic
panel strategy controls for country fixed effects and the rich dynamics of GDP, which …

Why are people in the richest countries of the world so much richer today than 100 years
ago? And why are some countries so much richer than others? Questions such as these …

We estimate the impact of the Green Revolution in the developing world by exploiting
exogenous heterogeneity in the timing and extent of the benefits derived from high-yielding …

This paper surveys the experience of economic growth in the 20th century with a focus on
technological change at the frontier together with issues related to success and failure in …

This paper estimates the causal effect of fiscal rules on fiscal balances in a panel of 142
countries over the period 1985–2015. Our instrumental variable strategy exploits the …

A common critique of globalization is that it leads to a race to the bottom. Specifically, it is
assumed that multinationals invest in countries with lower regulatory standards and that …

Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period
1919 to 2008, we examine the extent to which societies become unstable after budget cuts …

One of the most dramatic economic transformations of the past century has been the entry of
women into the labor force. While many theories explain why this change took place, we …

Do a country's economic structures matter for its national health status? This study, for the
first time, examines the extent to which the mix of products a country produces (and exports) …

Abstract According to the Washington Consensus, developing countries' growth would
benefit from reductions in barriers to trade. However, the empirical basis for judging trade …