Finding explanations for cross-country differences in development levels is perhaps one of the most important questions in economics. CEPR DP6798 provides evidence that access to markets, measured as a theory-based index of market potential is an important factor in development.
Thierry Mayer, Monday, April 21, 2008
Branko Milanovic, Peter H. Lindert, Jeffrey G. Williamson, Wednesday, December 5, 2007
Is inequality largely the result of the Industrial Revolution? Or were ancient incomes as unequal as they are today in poor pre-industrial societies? Looking at pre-industrial inequality from the Roman Empire in 14 AD to British India in 1947 generates new insights into the inequality and economic development connection over the very long run.
Art Durnev, Sergei Guriev, Wednesday, November 21, 2007
The consensus story: Resource abundance boosts GDP in the short-run but hinders or reverses the development of growth-enhancing institutions and thus long-run growth. New evidence suggests that this works by worsening corporate transparency, capital allocation and growth.