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The colonial origins of comparative development: An empirical investigation

[PDF] from mit.edu
D Acemoglu, S Johnson… - 2000 - nber.org
We exploit differences in the mortality rates faced by European colonialists to estimate the
effect of institutions on economic performance. Our argument is that Europeans adopted
very different colonization policies in different colonies, with different associated ...
Cited by 5290 - Related articles - BL Direct - All 179 versions

Reversal of fortune: Geography and institutions in the making of the modern world income distribution

[PDF] from oxfordjournals.org
D Acemoglu, S Johnson… - 2001 - nber.org
Among countries colonized by European powers during the past 500 years those that were
relatively rich in 1500 are now relatively poor. We document this reversal using data on
urbanization patterns and population density, which, we argue, proxy for economic ...
Cited by 2043 - Related articles - BL Direct - All 82 versions

Technical change, inequality, and the labor market

[PDF] from princeton.edu
D Acemoglu - 2000 - nber.org
This essay discusses the effect of technical change on wage inequality. I argue that the
behavior of wages and returns to schooling indicates that technical change has been skill-
biased during the past sixty years. Furthermore, the recent increase in inequality is most ...
Cited by 1823 - Related articles - BL Direct - All 48 versions

[BOOK] Economic origins of dictatorship and democracy

[PDF] from warwick.ac.uk
D Acemoğlu… - 2006 - books.google.com
Page 1. ECONOMIC ORIGI. OF DICTATORSHI AND DEMOCRAC 1 — ^LT> ^ *£ . 1 ^^F 1 *. <^
^K w '*S|jL |Q||W DARON ACEMOGLU JAMES A. ROBINSON Page 2. Page 3. This book develops
a framework for analyzing the creation and consolida- tion of democracy. ...
Cited by 1728 - Related articles - All 26 versions

Unbundling institutions

[PDF] from duke.edu
D Acemoglu… - 2003 - nber.org
This paper evaluates the importance of property rights institutions', which protect citizens
against expropriation by the government and powerful elites, and contracting institutions',
which enable private contracts between citizens. We exploit exogenous variation in both ...
Cited by 1371 - Related articles - BL Direct - All 51 versions

Why do new technologies complement skills? Directed technical change and wage inequality

[PDF] from oxfordjournals.org
D Acemoglu - The Quarterly Journal of Economics, 1998 - qje.oxfordjournals.org
Abstract A high proportion of skilled workers in the labor force implies a large market size for
skill-complementary technologies, and encourages faster upgrading of the productivity of
skilled workers. As a result, an increase in the supply of skills reduces the skill premium in ...
Cited by 1212 - Related articles - BL Direct - All 13 versions

Institutions as a fundamental cause of long-run growth

[PDF] from itam.mx
D Acemoglu, S Johnson… - Handbook of economic growth, 2005 - Elsevier
Abstract This paper develops the empirical and theoretical case that differences in economic
institutions are the fundamental cause of differences in economic development. We first
document the empirical importance of institutions by focusing on two “quasi-natural ...
Cited by 990 - Related articles - All 12 versions

Why did the West extend the franchise? Democracy, inequality, and growth in historical perspective

[PDF] from oxfordjournals.org
D Acemoglu… - The Quarterly Journal of …, 2000 - qje.oxfordjournals.org
Abstract During the nineteenth century most Western societies extended voting rights, a
decision that led to unprecedented redistributive programs. We argue that these political
reforms can be viewed as strategic decisions by the political elite to prevent widespread ...
Cited by 981 - Related articles - BL Direct - All 32 versions

Why do firms train? Theory and evidence

[PDF] from oxfordjournals.org
D Acemoglu… - 1996 - nber.org
This paper offers and tests a theory of training whereby workers do not pay for general
training they receive. The crucial ingredient in our model is that the current employer has
superior information about the worker's ability relative to other firms. This informational ...
Cited by 895 - Related articles - BL Direct - All 29 versions

Distance to frontier, selection, and economic growth

[PDF] from ucl.ac.uk
D Acemoglu, P Aghion… - 2002 - nber.org
We analyze an economy where managers engage both in the adaptation of technologies
from the world frontier and in innovation activities. The selection of high-skill managers is
more important for innovation activities. As the economy approaches the technology ...
Cited by 847 - Related articles - BL Direct - All 66 versions

Was Prometheus unbound by chance? Risk, diversification, and growth

[PDF] from upf.edu
D Acemoglu… - Journal of political economy, 1997 - JSTOR
This paper offers a theory of development that links the degree of market incompleteness to
capital accumulation and growth. At early stages of development, the presence projects
limits the degree of risk spreading (diversification) that the economy can achieve. The ...
Cited by 841 - Related articles - BL Direct - All 19 versions

Institutional causes, macroeconomic symptoms: volatility, crises and growth

[PDF] from harvard.edu
D Acemoglu, S Johnson, J Robinson… - 2002 - nber.org
Countries that have pursued distortionary macroeconomic policies, including high inflation,
large budget deficits and misaligned exchange rates, appear to have suffered more
macroeconomic volatility and also grown more slowly during the postwar period. Does this ...
Cited by 845 - Related articles - BL Direct - All 55 versions

A theory of political transitions

[PDF] from montclair.edu
D Acemoglu… - American Economic Review, 2001 - JSTOR
We develop a theory of political transitions inspired by the experiences of Western Europe
and Latin America. Nondemocratic societies are controlled by a rich elite. The initially
disenfranchised poor can contest power by threatening revolution, especially when the ...
Cited by 805 - Related articles - BL Direct - All 35 versions

Beyond Becker: training in imperfect labour markets

[PDF] from mit.edu
D Acemoglu… - The Economic Journal, 1999 - Wiley Online Library
In this paper, we survey non-competitive theories of training. With competitive labour
markets, firms never pay for investments in general training, whereas when labour markets
are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss ...
Cited by 762 - Related articles - BL Direct - All 24 versions

The structure of wages and investment in general training

[PDF] from lse.ac.uk
D Acemoglu… - 1998 - nber.org
In the standard model of human capital with perfect labor markets general training. When
labor market frictions compress the structure of wages in the general skills of their
employees. The reason is that the distortion in the wage structure" turn technologically' ...
Cited by 757 - Related articles - BL Direct - All 26 versions

Institutions as the fundamental cause of long-run growth

[PDF] from nyu.edu
D Acemoglu, S Johnson… - 2004 - nber.org
This paper develops the empirical and theoretical case that differences in economic
institutions are the fundamental cause of differences in economic development. We first
document the empirical importance of institutions by focusing on two'quasi-natural ...
Cited by 746 - Related articles - BL Direct - All 87 versions

Productivity differences

[PDF] from oxfordjournals.org
D Acemoglu… - 1999 - nber.org
Many technologies used by the LDCs are developed in the OECD economies, and as such
are designed to make optimal use of the skills of these richer countries' workforces. Due to
differences in the supply of skills, some of the tasks performed by skilled workers in the ...
Cited by 674 - Related articles - BL Direct - All 35 versions

The rise of Europe: Atlantic trade, institutional change and economic growth

[PDF] from mit.edu
D Acemoglu, S Johnson… - 2002 - nber.org
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely
accounted for by the growth of European nations with access to the Atlantic, and especially
by those nations that engaged in colonialism and long distance oceanic trade. Moreover, ...
Cited by 614 - Related articles - BL Direct - All 65 versions

Introduction to economic growth

[PDF] from srce.hr
D Acemoglu - Journal of Economic Theory, 2012 - Elsevier
Economic growth continues to be one of the most relevant and exciting sub-areas of
economics. Its relevance stems from the questions it focuses on. The problem of economic
development remains a major one for humanity at large and for economics as a science. ...
Cited by 611 - Related articles - All 28 versions

Patterns of skill premia

[PDF] from ust.hk
D Acemoglu - Review of Economic studies, 2003 - Wiley Online Library
This paper develops a model to analyse how skill premia differ over time and across
countries, and uses this model to study the impact of international trade on wage inequality.
Skill premia are determined by technology, the relative supply of skills, and trade. ...
Cited by 557 - Related articles - BL Direct - All 23 versions

Efficient unemployment insurance

[PDF] from univ-paris1.fr
D Acemoglu… - 1998 - nber.org
This paper constructs a tractable general equilibrium model of search with risk-aversion. An
increase in risk-aversion reduces wages, unemployment, and investment. Unemployment
insurance (UI) has the reverse effect due to market generated moral hazard: insured ...
Cited by 506 - Related articles - BL Direct - All 25 versions

[PDF] How large are human-capital externalities? evidence from compulsory-schooling laws

[PDF] from nber.org
D Acemoglu… - 2001 - nber.org
The effect of human capital on aggregate income is of central importance to both
policymakers and economists. A tradition going back to Schultz (1967) and Nelson and
Phelps (1966) views the human capital of the workforce as a crucial factor facilitating the ...
Cited by 499 - Related articles - View as HTML - All 14 versions

Income and democracy

[PDF] from univ-paris1.fr
D Acemoglu, S Johnson, J Robinson… - 2005 - nber.org
We revisit one of the central empirical findings of the political economy literature that higher
income per capita causes democracy. Existing studies establish a strong cross-country
correlation between income and democracy, but do not typically control for factors that ...
Cited by 500 - Related articles - BL Direct - All 64 versions

A microfoundation for social increasing returns in human capital accumulation

[PDF] from oxfordjournals.org
D Acemoglu - The Quarterly Journal of Economics, 1996 - qje.oxfordjournals.org
Abstract This paper proposes a microfoundation for social increasing returns in human
capital accumulation. The underlying mechanism is a pecuniary externality due to the
interaction of ex ante investments and costly bilateral search in the labor market. It is ...
Cited by 476 - Related articles - BL Direct - All 15 versions

An African Success Story: Botswana

[PDF] from colby.edu
D Acemoglu, S Johnson… - CEPR Discussion Paper …, 2002 - papers.ssrn.com
Abstract: Botswana has had the highest rate of per capita growth of any country in the world
in the last 35 years. This occurred despite adverse initial conditions, including minimal
investment during the colonial period and high inequality. Botswana achieved this rapid ...
Cited by 471 - Related articles - BL Direct - All 35 versions

Changes in unemployment and wage inequality: an alternative theory and some evidence

[PDF] from mit.edu
D Acemoglu - 1998 - nber.org
This paper offers a model where firms decide what types of jobs to create and then search
for suitable workers. When there are few skilled workers and the productivity gap between
the skilled and the unskilled is small, firms create a single type of job and recruit all ...
Cited by 463 - Related articles - BL Direct - All 22 versions

Why not a political Coase theorem? Social conflict, commitment and politics

[PDF] from psu.edu
D Acemoglu - 2002 - nber.org
Do societies choose inefficient policies and institutions, in contrast to what would be
suggested by a reasoning extending the Coase Theorem to politics? Do societies choose
inefficient policies and institutions because of differences in the beliefs and ideologies of ...
Cited by 448 - Related articles - BL Direct - All 31 versions

Training and innovation in an imperfect labour market

D Acemoglu - The Review of Economic Studies, 1997 - restud.oxfordjournals.org
Abstract This paper shows that in a frictional labour market part of the productivity gains from
general training will be captured by future employers. As a result, investments in general
skills will be suboptimally low, and contrary to the standard theory, part of the costs may be ...
Cited by 452 - Related articles - BL Direct - All 8 versions

Consequences of employment protection? The case of the Americans with Disabilities Act

[PDF] from ens.fr
D Acemoglu… - 1998 - nber.org
The Americans With Disabilities Act (ADA) requires employers to accommodate disabled
workers and outlaws discrimination against the disabled in hiring, firing, and pay. Although
the ADA was meant to increase employment of the disabled, it also increases costs for ...
Cited by 429 - Related articles - BL Direct - All 24 versions

The choice between market failures and corruption

[PDF] from sdu.edu.cn
D Acemoglu… - American Economic Review, 2000 - JSTOR
Because government intervention transfers resources from one party to another, it creates
room for corruption. As corruption often undermines the purpose of the intervention,
governments will try to prevent it. They may create rents for bureaucrats, induce a ...
Cited by 421 - Related articles - BL Direct - All 37 versions

Good jobs versus bad jobs

[PDF] from mit.edu
D Acemoglu - Journal of Labor Economics, 2001 - JSTOR
This article develops a model of noncompetitive labor markets in which high-wage (good)
and low-wage (bad) jobs coexist. Minimum wages and unemployment benefits shift the
composition of employment toward high-wage jobs. Because the composition of jobs in ...
Cited by 362 - Related articles - BL Direct - All 13 versions

Persistence of power, elites and institutions

[PDF] from colmex.mx
D Acemoglu… - 2006 - nber.org
We construct a model of simultaneous change and persistence in institutions. The model
consists of landowning elites and workers, and the key economic decision concerns the form
of economic institutions regulating the transaction of labor (eg, competitive markets versus ...
Cited by 365 - Related articles - BL Direct - All 72 versions

Reward structures and the allocation of talent

D Acemoglu - European Economic Review, 1995 - Elsevier
As relative rewards that different professions receive are a key factor in the allocation of
talent, what determines the reward structure of a society is an important question. This paper
develops an equilibrium model of the allocation of talent between productive and ...
Cited by 348 - Related articles - All 14 versions

Disease and development: the effect of life expectancy on economic growth

[PDF] from ucla.edu
D Acemoglu… - 2006 - nber.org
What is the effect of increasing life expectancy on economic growth? To answer this
question, we exploit the international epidemiological transition, the wave of international
health innovations and improvements that began in the 1940s. We obtain estimates of ...
Cited by 352 - Related articles - BL Direct - All 54 versions

Cross‐country Inequality Trends*

[PDF] from ens.fr
D Acemoglu - The Economic Journal, 2003 - Wiley Online Library
I review the two most popular explanations for the differential trends in wage inequality in
US/UK and Europe: that relative supply of skills increased faster in Europe, and that
European labour market institutions prevented inequality from increasing. Although these ...
Cited by 329 - Related articles - BL Direct - All 34 versions

How large are the social returns to education? Evidence from compulsory schooling laws

[PDF] from psu.edu
D Acemoglu… - 1999 - nber.org
Average schooling in US states is highly correlated with state wage levels, even after
controlling for the direct effect of schooling on individual wages. We use an instrumental
variables strategy to determine whether this relationship is driven by social returns to ...
Cited by 327 - Related articles - BL Direct - All 17 versions

Political losers as a barrier to economic development

[PDF] from nyu.edu
D Acemoglu… - The American Economic Review, 2000 - JSTOR
Per capita income in many sub-Saharan African countries, such as Chad and Niger, is less
than 1/30th of that of the United States. Most economists and social scientists suspect that
this is in part due to institutional failures that stop these societies from adopting the best ...
Cited by 312 - Related articles - BL Direct - All 17 versions

The world income distribution

[PDF] from oxfordjournals.org
D Acemoglu… - 2001 - nber.org
We show that even in the absence of diminishing returns in production and techno-logical
spillovers, international trade leads to a stable world income distribution. This is because
specialization and trade introduce de facto diminishing returns: countries that accumulate ...
Cited by 311 - Related articles - BL Direct - All 33 versions

Property rights, corruption and the allocation of talent: a general equilibrium approach

[PDF] from harvard.edu
D Acemoglu… - The Economic Journal, 1998 - Wiley Online Library
We consider an economy where contracts are necessary to encourage investments.
Contract enforcement requires that a fraction of the agents work in the public sector and do
not accept bribes. We find that:(1) It may be optimal to allow some corruption and not ...
Cited by 312 - Related articles - BL Direct - All 21 versions

Labor‐and capital‐augmenting technical change

[PDF] from cenet.org.cn
D Acemoglu - Journal of the European Economic Association, 2003 - Wiley Online Library
Abstract I analyze an economy in which firms can undertake both labor-and capital-
augmenting technological improvements. In the long run, the economy resembles the
standard growth model with purely labor-augmenting technical change, and the share of ...
Cited by 313 - Related articles - BL Direct - All 20 versions

Productivity gains from unemployment insurance

[PDF] from newyorkfed.org
D Acemoglu… - European Economic Review, 2000 - Elsevier
This paper argues that unemployment insurance increases labor productivity by
encouraging workers to seek higher productivity jobs, and by encouraging firms to create
those jobs. We use a quantitative model to investigate whether this effect is comparable in ...
Cited by 286 - Related articles - BL Direct - All 38 versions

Holdups and efficiency with search frictions

[PDF] from psu.edu
D Acemoglu… - International Economic Review, 1999 - Wiley Online Library
2. Abstract A natural holdup problem arises in a market with search frictions: Firms have to
make a range of investments before finding their employees, and larger investments
translate into higher wages. In particular, when wages are determined by ex post ...
Cited by 256 - Related articles - BL Direct - All 19 versions

KLEPTOCRACY AND DIVIDE‐AND‐RULE: A MODEL OF PERSONAL RULE

[PDF] from umd.edu
D Acemoglu, T Verdier… - Journal of the European …, 2004 - Wiley Online Library
Abstract Many developing countries have suffered under the personal rule of kleptocrats,
who implement highly inefficient economic policies, expropriate the wealth of their citizens,
and use the proceeds for their own glorification or consumption. We argue that the ...
Cited by 250 - Related articles - BL Direct - All 35 versions

Market size in innovation: theory and evidence from the pharmaceutical industry

[PDF] from oxfordjournals.org
D Acemoglu… - 2003 - nber.org
This paper investigates the effect of (potential) market size on entry of new drugs and
pharmaceutical innovation. Focusing on exogenous changes driven by US demographic
trends, we find that a 1 percent increase in the potential market size for a drug category ...
Cited by 235 - Related articles - BL Direct - All 38 versions

Contracts and technology adoption

[PDF] from harvard.edu
D Acemoglu, P Antràs… - The American economic review, 2007 - JSTOR
We develop a tractable framework for the analysis of the relationship between contractual
incompleteness, technological complementarities, and technology adoption. In our model, a
firm chooses its technology and investment levels in contractible activities by suppliers of ...
Cited by 206 - Related articles - BL Direct - All 35 versions

Economic backwardness in political perspective

[PDF] from harvard.edu
D Acemoglu… - American Political Science …, 2006 - Cambridge Univ Press
We construct a simple model where political elites may block technological and institutional
development, because of a “political replacement effect.” Innovations often erode elites'
incumbency advantage, increasing the likelihood that they will be replaced. Fearing ...
Cited by 206 - Related articles - All 20 versions

Constitutions, Politics and Economics: A Review Essay on Persson and Tabellini's" The Economic Effect of Constitutions"

[PDF] from mit.edu
D Acemoglu - 2005 - nber.org
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic
Effects of Constitutions, which investigates the policy and economic consequences of
different forms of government and electoral rules. I also take advantage of this opportunity ...
Cited by 187 - Related articles - BL Direct - All 31 versions

Technology, Information and the Decentralization of the Firm

[PDF] from oxfordjournals.org
D Acemoglu, P Aghion, C Lelarge, J Van Reenen… - 2006 - nber.org
This paper develops a framework to analyze the relationship between the diffusion of new
technologies and the decentralization decisions of firms. Centralized control relies on the
information of the principal, which we equate with publicly available information. However, ...
Cited by 186 - Related articles - BL Direct - All 64 versions

Capital deepening and non-balanced economic growth

[PDF] from mecon.gov.ar
D Acemoglu… - 2006 - nber.org
This paper constructs a model of non-balanced economic growth. The main economic force
is the combination of differences in factor proportions and capital deepening. Capital
deepening tends to increase the relative output of the sector with a greater capital share, ...
Cited by 181 - Related articles - BL Direct - All 35 versions

From education to democracy?

[PDF] from aeaweb.org
D Acemoglu, S Johnson, JA Robinson… - 2005 - nber.org
The conventional wisdom views high levels of education as a prerequisite for democracy.
This paper shows that existing evidence for this view is based on cross-sectional
correlations, which disappear once we look at within-country variation. In other words, ...
Cited by 179 - Related articles - BL Direct - All 33 versions

Consumer confidence and rational expectations: are agents' beliefs consistent with the theory?

D Acemoglu… - The Economic Journal, 1994 - JSTOR
Using UK data the REPIH is rejected due to the predictive content of consumer confidence,
and not labour income or any other macroeconomic variable. We provide evidence
suggesting that this cannot be explained by liquidity constraints and account for this ...
Cited by 169 - Related articles - BL Direct - All 12 versions

Inefficient redistribution

[PDF] from harvard.edu
D Acemoglu… - American Political Science …, 2001 - Cambridge Univ Press
DARON ACEMOGLU Massachusetts Institute of Technology JAMES A. ROBINSON
University of California, Berkeley There are many well-developed theories that explain why
governments redistribute income, but very few can explain why this often is done in a ...
Cited by 170 - Related articles - BL Direct - All 19 versions

Wage and technology dispersion

[PDF] from psu.edu
D Acemoglu… - The Review of Economic …, 2000 - restud.oxfordjournals.org
Abstract This paper explains why firms with identical opportunities may use different
technologies and offer different wages. Our key assumption is that workers must engage in
costly search in order to gather information about jobs (Stigler (1961)). In equilibrium, ...
Cited by 165 - Related articles - BL Direct - All 17 versions

Politics and economics in weak and strong states

[PDF] from mecon.gov.ar
D Acemoglu - Journal of Monetary Economics, 2005 - Elsevier
While much research in political economy points out the benefits of “limited government,”
political scientists have long emphasized the problems created in many less-developed
nations by “weak states,” which lack the power to tax and regulate the economy and to ...
Cited by 162 - Related articles - All 15 versions

Deunionization, technical change and inequality

[PDF] from nyu.edu
D Acemoglu, P Aghion… - Carnegie-Rochester Conference …, 2001 - Elsevier
Over the past 25 years, the US and the UK experienced sharp increases in wage inequality
and rapid deunionization. We argue that these two phenomena are related, and that skill-
biased technical change has been an important factor in deunionization as well as in the ...
Cited by 154 - Related articles - BL Direct - All 14 versions

Economic backwardness in political perspective

[PDF] from ucdenver.edu
D Acemoglu… - 2002 - nber.org
We construct a simple model where political elites may block technological and institutional
development, because of a'political replacement effect'. Innovations often erode elites'
incumbency advantage, increasing the likelihood that they will be replaced. Fearing ...
Cited by 141 - Related articles - BL Direct - All 17 versions

The form of property rights: Oligarchic vs. democratic societies

[PDF] from dufe.edu.cn
D Acemoglu - 2003 - nber.org
This paper develops a model where this is a trade-off between the enforcement of the
property rights of different groups. An oligarchic'society, where political power is in the hands
of major producers, protects their property rights, but also tends to erect significant entry ...
Cited by 137 - Related articles - BL Direct - All 16 versions

Modeling inefficient institutions

[PDF] from colmex.mx
D Acemoglu - 2006 - nber.org
Why do inefficient non-growth enhancing institutions emerge and persist? This paper
develops a simple framework to provide some answers to this question. Political institutions
determine the allocation of political power, and economic institutions determine the ...
Cited by 132 - Related articles - BL Direct - All 28 versions

Oligarchic versus democratic societies

D Acemoglu - Journal of the European Economic Association, 2008 - Wiley Online Library
Abstract This paper develops a model to analyze economic performance under different
political regimes. An “oligarchic” society, where political power is in the hands of major
producers, protects their property rights but also tends to erect significant entry barriers ...
Cited by 133 - Related articles - BL Direct - All 11 versions

Credit market imperfections and persistent unemployment

[PDF] from 18.7.29.232
D Acemoglu - European Economic Review, 2001 - Elsevier
This paper develops the thesis that credit market frictions may be an important contributor to
high unemployment in Europe. When a change in the technological regime necessitates the
creation of new firms, this can happen relatively rapidly in the US where credit markets ...
Cited by 123 - Related articles - BL Direct - All 16 versions

Competition and efficiency in congested markets

[PDF] from mit.edu
D Acemoglu… - 2005 - nber.org
We study the efficiency of oligopoly equilibria in congested markets. The motivating
examples are the allocation of network flows in a communication network or of traffic in a
transportation network. We show that increasing competition among oligopolists can ...
Cited by 126 - Related articles - BL Direct - All 35 versions

Vertical integration and technology: theory and evidence

[PDF] from mit.edu
D Acemoglu, R Griffith, P Aghion… - Journal of the …, 2010 - Wiley Online Library
Abstract We study the determinants of vertical integration. We first derive a number of
predictions regarding the relationship between technology intensity and vertical integration
from a simple incomplete contracts model. Then, we investigate these predictions using ...
Cited by 126 - Related articles - BL Direct - All 80 versions

Women, war, and wages: The effect of female labor supply on the wage structure at midcentury

[PDF] from psu.edu
D Acemoglu, D Lyle - Journal of Political Economy, 2004 - JSTOR
We exploit the military mobilization for World War II to investigate the effects of female labor
supply on the wage structure. The mobilization drew many women into the workforce
permanently. But the impact was not uniform across states. In states with greater ...
Cited by 121 - Related articles - BL Direct - All 10 versions

Reevaluating the modernization hypothesis

[PDF] from mit.edu
D Acemoglu, S Johnson, JA Robinson… - 2007 - nber.org
This paper revisits and critically reevaluates the widely-accepted modernization hypothesis
which claims that per capita income causes the creation and the consolidation of
democracy. We argue that existing studies find support for this hypothesis because they ...
Cited by 118 - Related articles - BL Direct - All 31 versions

Vertical integration and distance to frontier

[PDF] from ucl.ac.uk
D Acemoglu, P Aghion… - 2002 - nber.org
We construct a model where the equilibrium organization of firms changes as an economy
approaches the world technology frontier. In vertically integrated firms, owners (managers)
have to spend time both on production and innovation activities, and this creates ...
Cited by 113 - Related articles - BL Direct - All 45 versions

Changes in the wage structure, family income, and children's education

[PDF] from lse.ac.uk
D Acemoglu… - European Economic Review, 2001 - Elsevier
We exploit the changes in the distribution of family income to estimate the effect of parental
resources on college education. Our strategy exploits the fact that families at the bottom of
the income distribution were much poorer in the 1990s than they were in the 1970s, while ...
Cited by 117 - Related articles - All 13 versions

Equilibrium bias of technology

[PDF] from idei.fr
D Acemoglu - 2005 - nber.org
The study of the bias of new technologies is important both as part of the analysis of the
nature of technology adoption and the direction of technological change, and to understand
the distributional implications of new technologies. In this paper, I analyze the equilibrium ...
Cited by 113 - Related articles - BL Direct - All 19 versions

De facto political power and institutional persistence

[PDF] from harvard.edu
D Acemoglu… - The American economic review, 2006 - JSTOR
Much of the empirical work and the conceptual discussion of the impact of institutions on
economic development either implicitly or explicitly assumes that institutions persist.
Although Acemoglu et al.(2001) provide evidence that constraints on the executive persist, ...
Cited by 103 - Related articles - BL Direct - All 20 versions

Information accumulation in development

[PDF] from diva-portal.org
D Acemoglu… - Journal of Economic Growth, 1999 - Springer
We propose a model in which economic relations and institutions in advanced and less
developed countries differ as these societies have access to different amounts of
information. The lack of information in less developed economies makes it hard to ...
Cited by 99 - Related articles - BL Direct - All 18 versions

Skills, tasks and technologies: Implications for employment and earnings

[PDF] from mit.edu
D Acemoglu - Handbook of Labor Economics, 2011 - Elsevier
Abstract A central organizing framework of the voluminous recent literature studying
changes in the returns to skills and the evolution of earnings inequality is what we refer to as
the canonical model, which elegantly and powerfully operationalizes the supply and ...
Cited by 105 - Related articles - All 17 versions

[DOC] Institutions and Economic Development,“

[DOC] from thehardtrade.com
D Acemoglu, S Johnson… - Finance and …, 2003 - thehardtrade.com
Abstract: In this paper, we discuss how and why institutions---broadly, the economic and
political organization of societies---affect economic incentives and outcomes. After briefly
surveying a number of theories of institutional differences across countries, we focus on ...
Cited by 100 - Related articles - View as HTML - All 6 versions

Democratization or repression?

[PDF] from harvard.edu
D Acemoglu… - European Economic Review, 2000 - Elsevier
Regimes controlled by a rich elite often collapse and make way for democracy amidst
widespread social unrest. Such regime changes are often followed by redistribution to the
poor at the expense of the former elite. We argue that the reason why the elite may have to ...
Cited by 91 - Related articles - BL Direct - All 18 versions

Matching, Heterogeneity, and the Evolution of Income Distribution

[PDF] from mit.edu
D Acemoglu - Journal of Economic Growth, 1997 - Springer
This paper analyzes a model in which firms and workershave to engage in costly search to
find a production partner, and endogenizes the skill, job, and wage distributions in
thiscontext. The presence of search frictions implies that thereare two redistributive forces ...
Cited by 87 - Related articles - BL Direct - All 12 versions

Asymmetries in the cyclical behaviour of UK labour markets

D Acemoglu… - The Economic Journal, 1994 - JSTOR
This paper examines the connection between the business cycle, non-linearities and
asymmetries in the UK labour market. The economy is shown to display cyclical
asymmetries; stochastic properties of variables such as employment, unemployment, real ...
Cited by 86 - Related articles - BL Direct - All 7 versions

Emergence and persistence of inefficient states

[PDF] from imtlucca.it
D Acemoglu, D Ticchi… - 2006 - nber.org
Inefficiencies in the bureaucratic organization of the state are often viewed as important
factors in retarding economic development. Why certain societies choose or end up with
such inefficient organizations has received very little attention, however. In this paper, we ...
Cited by 88 - Related articles - BL Direct - All 50 versions

Incentives in markets, firms, and governments

[PDF] from cerp.org.pk
D Acemoglu, M Kremer… - Journal of Law, Economics, …, 2008 - Oxford Univ Press
Abstract We construct a simple career concerns model where high-powered incentives can
distort the composition of effort by inducing excessive signaling. We show that in the
presence of this type of career concerns, markets typically fail to limit competitive ...
Cited by 83 - Related articles - BL Direct - All 47 versions

The Crisis of 2008: Lessons for and from Economics

[PDF] from carlospitta.com
D Acemoglu - Critical Review, 2009 - Taylor & Francis
ABSTRACT The financial crisis is, in part, an embarrassment for economic theory.
Economists tended to think that severe business cycles had been conquered; that free
markets require no regulations to constrain self‐interest; and that large, established ...
Cited by 82 - Related articles - All 20 versions

A simple model of inefficient institutions

D Acemoglu - The Scandinavian Journal of Economics, 2006 - Wiley Online Library
This paper develops a simple model of economic and political institutions that lead to poor
aggregate economic performance. In the model economy, groups with political power, the
elite, choose policies to increase their income and to directly or indirectly transfer ...
Cited by 80 - Related articles - BL Direct - All 8 versions

Disease and development in historical perspective

[PDF] from harvard.edu
D Acemoglu, S Johnson… - Journal of the European …, 2003 - Wiley Online Library
Abstract Health conditions and disease environments are important for economic outcomes.
This paper argues that the main impact of disease environments on the economic
development of nations is not due to the direct effect of health conditions on income, but ...
Cited by 78 - Related articles - BL Direct - All 17 versions

The political economy of the Kuznets curve

[PDF] from harvard.edu
D Acemoglu… - Review of Development …, 2002 - Wiley Online Library
The paper provides a political economy theory of the Kuznets curve. When development
leads to increasing inequality, this can induce political instability and force democratization
on political elites. Democratization leads to institutional changes which encourage ...
Cited by 82 - Related articles - BL Direct - All 12 versions

Minimum wages and on-the-job training

[PDF] from iza.org
D Acemoglu… - 1999 - nber.org
Becker's theory of human capital predicts that minimum wages should reduce training
investments for affected workers, because they prevent these workers from taking wage cuts
necessary to finance training. We show that when the assumption of perfectly competitive ...
Cited by 76 - Related articles - BL Direct - All 28 versions

Minimum wages and on-the-job training

[PDF] from lse.ac.uk
D Acemoglu… - DISCUSSION PAPER-CENTRE …, 2002 - emeraldinsight.com
Much of the recent debate on the minimum wage has focused on its employment
implications. The theory of human capital suggests that minimum wages should also have
important adverse effects on human capital accumulation. In the standard human capital ...
Cited by 73 - Related articles - BL Direct - All 11 versions

When does policy reform work? The case of central bank independence

[PDF] from freeuni.edu.ge
D Acemoglu, S Johnson, P Querubin… - 2008 - nber.org
We argue that the question of whether and when policy reform works should be investigated
together with the political economy factors responsible for distortionary policies in the first
place. These not only determine the initial distortions, but also often shape policy in the ...
Cited by 67 - Related articles - BL Direct - All 19 versions

Determinants of vertical integration: Financial development and contracting costs

[PDF] from ccer.edu.cn
D Acemoglu, S Johnson… - The Journal of Finance, 2009 - Wiley Online Library
We study the determinants of vertical integration in a new data set of over 750,000 firms from
93 countries. We present a number of theoretical predictions on the interactions between
financial development, contracting costs, and the extent of vertical integration. Consistent ...
Cited by 71 - Related articles - All 15 versions

[CITATION] Economic origins of democracy and dictatorship

D Acemoglu… - 2006 - New York: Cambridge University …
Cited by 68 - Related articles

Asymmetric business cycles: Theory and time-series evidence

[PDF] from mit.edu
D Acemoglu… - Journal of Monetary Economics, 1997 - Elsevier
We offer a theory of economic fluctuations based on intertemporal increasing returns: agents
who have been active in the past face lower costs of action today. This specification explains
the observed persistence in individual and aggregate output fluctuations even in the ...
Cited by 67 - Related articles - BL Direct - All 7 versions

Spread of (mis) information in social networks

[PDF] from arxiv.org
D Acemoglu, A Ozdaglar… - Games and Economic …, 2010 - Elsevier
We provide a model to investigate the tension between information aggregation and spread
of misinformation. Individuals meet pairwise and exchange information, which is modeled as
both individuals adopting the average of their pre-meeting beliefs.“Forceful” agents ...
Cited by 65 - Related articles - All 18 versions

Learning and disagreement in an uncertain world

[PDF] from stanford.edu
D Acemoglu, V Chernozhukov… - 2006 - nber.org
Most economic analyses presume that there are limited differences in the prior beliefs of
individuals, as assumption most often justified by the argument that sufficient common
experiences and observations will eliminate disagreements. We investigate this claim ...
Cited by 61 - Related articles - BL Direct - All 43 versions

[HTML] The role of institutions in growth and development

[HTML] from google.com
D Acemoglu… - Leadership and growth, 2007 - books.google.com
Arguably the most important questions in social science concern the causes of cross-country
differences in economic development and economic growth. Why are some countries much
poorer than others? Why do some countries achieve economic growth while others ...
Cited by 59 - Related articles - All 24 versions

Certification of training and training outcomes

[PDF] from mit.edu
D Acemoglu… - European Economic Review, 2000 - Elsevier
External certification of workplace skills obtained through on-the-job training is widespread
in many countries. This may indicate that training is financed by workers, and certification
serves to assure the quality of the training offered by the firm. However, other evidence ...
Cited by 58 - Related articles - BL Direct - All 13 versions

Economic and political inequality in development: the case of Cundinamarca, Colombia

[PDF] from uniandes.edu.co
D Acemoglu, MA Bautista, P Querubin… - 2007 - nber.org
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related
to its unequal distribution of wealth? A recently emerging consensus claims not only that
economic inequality has detrimental effects on economic growth in general, but also that ...
Cited by 58 - Related articles - BL Direct - All 23 versions

Public policy in a model of long-term unemployment

D Acemoglu - Economica, 1995 - JSTOR
This paper considers a model in which the unemployed have to incur a cost to maintain their
skills. If whether they have done so is not observable, the economy has multiple equilibria
supported by self-fulfilling beliefs on the part of the employers. One of these equilibria, ...
Cited by 56 - Related articles - BL Direct - All 4 versions

Technology, unemployment and efficiency

[PDF] from mit.edu
D Acemoglu - European Economic Review, 1997 - Elsevier
This paper analyzes technology choices and unemployment in search equilibrium. In
contrast to standard search models, the presence of technology choices makes the
decentralized equilibrium inefficient; there is too little investment in skills, too little job ...
Cited by 57 - Related articles - BL Direct - All 11 versions

A theory of military dictatorships

[PDF] from imtlucca.it
D Acemoglu, D Ticchi… - 2008 - nber.org
We investigate how nondemocratic regimes use the military and how this can lead to the
emergence of military dictatorships. Nondemocratic regimes need the use of force in order to
remain in power, but this creates a political moral hazard problem; a strong military may ...
Cited by 58 - Related articles - BL Direct - All 81 versions

Political economy of mechanisms

[PDF] from harvard.edu
D Acemoglu, M Golosov… - Econometrica, 2008 - Wiley Online Library
We study the provision of dynamic incentives to self-interested politicians who control the
allocation of resources in the context of the standard neoclassical growth model. Citizens
discipline politicians using elections. We show that the need to provide incentives to the ...
Cited by 52 - Related articles - BL Direct - All 45 versions

Determinants of vertical integration: finance, contracts, and regulation

[PDF] from mecon.gov.ar
D Acemoglu, S Johnson… - 2005 - nber.org
We study the determinants of vertical integration in a new dataset of over 750,000 firms from
93 countries. Existing evidence suggests the presence of large cross-country differences in
the organization of firms, which may be related to differences in financial development, ...
Cited by 46 - Related articles - All 8 versions

Credit constraints, investment externalities and growth

D Acemoglu - Booth and Snower, 1996 - books.google.com
The successful post-war growth performances of countries such as Japan or Germany are
often attributed to the high skill levels of their workforce while stagnation in the UK is being
blamed on the inadequate levels of training and skill in this country. Economic historians ...
Cited by 40 - Related articles

State-dependent intellectual property rights policy

[PDF] from upenn.edu
D Acemoglu… - 2006 - nber.org
What form of intellectual property rights (IPR) policy contributes to economic growth? Should
technological followers be able to license the products of technological leaders? Should a
company with a large technological lead receive the same IPR protection as a company ...
Cited by 41 - Related articles - BL Direct - All 20 versions

Input and technology choices in regulated industries: Evidence from the health care sector

[PDF] from aeaweb.org
D Acemoglu… - 2006 - nber.org
This paper examines the implications of regulatory change for the input mix and technology
choices of regulated industries. We present a simple neoclassical framework that
emphasizes the change in relative factor prices associated with the regulatory change ...
Cited by 38 - Related articles - BL Direct - All 40 versions

Learning about others' actions and the investment accelerator

D Acemoglu - The Economic Journal, 1993 - JSTOR
When the pay-off of an agent, say a farmer, depends upon the actions taken by another
agent, say a bee-keeper, and there is no market in which the farmer can pay the bee-keeper
for these actions, there exists an externality; the more bees there are in the ...
Cited by 35 - Related articles - BL Direct - All 10 versions

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