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77,091
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
- FREE UNIVERSITY OF BERLIN
, 2004
"... We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps” everything else. Once institutions ..."
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Cited by 817 (28 self)
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are controlled for, conventional measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation
Asymptotic Confidence Intervals for Indirect Effects in Structural EQUATION MODELS
- IN SOCIOLOGICAL METHODOLOGY
, 1982
"... ..."
Implementation intentions. Strong effects of simple plans
- AMERICAN PSYCHOLOGIST
, 1999
"... When people encounter problems in translating their goals into action (e.g., failing to get started, becoming distracted, or falling into bad habits), they may strategically call on automatic processes in an attempt to secure goal attain-ment. This can be achieved by plans in the form of imple-menta ..."
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Cited by 478 (52 self)
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When people encounter problems in translating their goals into action (e.g., failing to get started, becoming distracted, or falling into bad habits), they may strategically call on automatic processes in an attempt to secure goal attain-ment. This can be achieved by plans in the form of imple-mentation intentions that link anticipated critical situations to goal-directed responses ("Whenever situation x arises, I will initiate the goal-directed response y!"). Implementa-tion intentions delegate the control of goal-directed re-sponses to anticipated situational cues, which (when actu-ally encountered) elicit these responses automatically. A program of research demonstrates that implementation intentions further the attainment of goals, and it reveals the underlying processes.
Systems Competition and Network Effects
- JOURNAL OF ECONOMIC PERSPECTIVES—VOLUME 8, NUMBER 2—SPRING 1994—PAGES 93–115
, 1994
"... Many products have little or no value in isolation, but generate value when combined with others. Examples include: nuts and bolts, which together provide fastening services; home audio or video components and programming, which together provide entertainment services; automobiles, repair parts and ..."
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Cited by 544 (6 self)
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photographic services. These are all examples of products that are strongly complementary, although they need not be consumed in fixed proportions. We describe them as forming systems, which refers to collections of two or more components together with an interface that allows the components to work together
Effects with Random Assignment: Results for Dartmouth Roommates
, 2001
"... This paper uses a unique data set to measure peer effects among college roommates. Freshman year roommates and dormmates are randomly assigned at Dartmouth College. I find that peers have an impact on grade point average and on decisions to join social groups such as fraternities. Residential peer e ..."
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Cited by 554 (6 self)
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effects are markedly absent in other major life decisions such as choice of college major. Peer effects in GPA occur at the individual room level, whereas peer effects in fraternity membership occur both at the room level and the entire dorm level. Overall, the data provide strong evidence
An Empirical Characterization of the Dynamic Effects of changes in Government Spending and Taxes on Output
- QUARTERLY JOURNAL OF ECONOMICS
, 2002
"... This paper characterizes the dynamic effects of shocks in government spending and taxes on U. S. activity in the postwar period. It does so by using a mixed structural VAR/event study approach. Identification is achieved by using institutional information about the tax and transfer systems to identi ..."
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Cited by 664 (9 self)
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nonstandard flavor: both increases in taxes and increases in government spending have a strong negative effect on investment spending.
Illiquidity and stock returns: cross-section and time-series effects,
- Journal of Financial Markets
, 2002
"... Abstract This paper shows that over time, expected market illiquidity positively affects ex ante stock excess return, suggesting that expected stock excess return partly represents an illiquidity premium. This complements the cross-sectional positive return-illiquidity relationship. Also, stock ret ..."
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Cited by 864 (9 self)
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affects more strongly small firm stocks, thus explaining time series variations in their premiums over time. r
Fairness and Retaliation: The Economics of Reciprocity
- JOURNAL OF ECONOMIC PERSPECTIVES
, 2000
"... This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive inefficient b ..."
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Cited by 583 (13 self)
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because the incentives may crowd out voluntary co-operation. It strongly limits the effects of competition in markets with incomplete contracts and gives rise to noncompetitive wage differences. Finally, reciprocity it is also a strong force contributing to the existence of incomplete contracts.
Determinants of Economic Growth: A Cross-Country Empirical Study
, 1996
"... Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower government c ..."
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Cited by 892 (12 self)
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of a nonlinear relation. At low levels of political rights, an expansion of these rights stimulates economic growth. However, once a moderate amount of democracy has been attained, a further expansion reduces growth. In contrast to the small effect of democracy on growth, there is a strong positive
A solution to Plato’s problem: The latent semantic analysis theory of acquisition, induction, and representation of knowledge
- PSYCHOLOGICAL REVIEW
, 1997
"... How do people know as much as they do with as little information as they get? The problem takes many forms; learning vocabulary from text is an especially dramatic and convenient case for research. A new general theory of acquired similarity and knowledge representation, latent semantic analysis (LS ..."
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Cited by 1816 (10 self)
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(LSA), is presented and used to successfully simulate such learning and several other psycholinguistic phenomena. By inducing global knowledge indirectly from local co-occurrence data in a large body of representative text, LSA acquired knowledge about the full vocabulary of English at a comparable
Results 1 - 10
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77,091