A large empirical literature claims that …fiscal policy in developingcountries is procyclical, in contrast to high-income countries where it is countercyclical. Some authors, however, have questioned this …finding because theliterature has typically ignored endogeneity problems. To settle this...

This paper discusses some aspects of the changing relationship between thestudy of economic history and development economics. Forty years ago thesubjects seemed to be quite closely linked in the sense that senior figuresstraddled both areas, the development history of the advanced countries...

Joe is one a small group of influential economists who brought theorizing aboutdevelopment processes to a new level. In trying to understand the reasons why low pooreconomies remain so, he was among the first to appreciate the importance of informationand contracting issues. His seminal...

Does fractionalization change over time? If so, are there any substantial implications foreconomic performance? To answer such questions, we construct a new panel data set withfractionalization measures for 26 former communist countries covering the period from 1989to 2002...

Internal and external information and communication processes atenterprises across almost every industry sector have been increasinglysupported by electronic information technologies. The fundamental advantagesof such technologies insure that this trend will continue in the future. Theconstant...

Many papers have shown that U.S. earnings inequalityincreased substantially from about 1980 to around 1996.1Recent and careful studies agree that a basic explanationfor increased earnings inequality is the rising returns tohuman capital resulting from new technology. These risingreturns have...