Inequality and Growth in a Panel of Countries
- R. Barro
- Economics
- 1 March 2000
Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. For growth, higher inequality tends to retard growth in poor…
A New Data Set of Educational Attainment in the World, 1950-2010
- R. Barro, Jong‐Wha Lee
- Economics
- 1 April 2010
Rare Disasters and Asset Markets in the Twentieth Century
- R. Barro
- Economics
- 1 August 2006
The potential for rare economic disasters explains a lot of asset-pricing puzzles. I calibrate disaster probabilities from the twentieth century global history, especially the sharp contractions…
International Data on Educational Attainment Updates and Implications
- R. Barro, Jong‐Wha Lee
- Economics, Education
- 1 September 2000
This paper presents a data set that improves the measurement of educational attainment for a broad group of countries. We extend our previous estimates of educational attainment for the population…
On the Determination of the Public Debt
- R. Barro
- EconomicsJournal of Political Economy
- 1 October 1979
A public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence excess burden on the timing of taxation implies an optimal…
Rules, Discretion and Reputation in a Model of Monetary Policy
- R. Barro, D. B. Gordon
- Economics
- 1 February 1983
Convergence across States and Regions
- R. Barro, X. Sala-i-Martin
- Economics
- 1991
A key economic issue is whether poor countries or regions tend to grow faster than rich ones: are there automatic forces that lead to convergence over time in the levels of per capita income and…
A Positive Theory of Monetary Policy in a Natural Rate Model
- R. Barro, D. B. Gordon
- EconomicsJournal of Political Economy
- 1 November 1981
A discretionary policymaker can create surprise inflation, which may reduce employment and raise government revenue. But when people understand the policymaker's objectives, these surprises cannot…
Democracy and growth
- R. Barro
- Economics
- 1 March 1996
Growth and democracy (subjective indexes of political freedom) are analyzed for a panel of about 100 countries from 1960 to 1990. The favorable effects on growth include maintenance of the rule of…
Determinants of Democracy
- R. Barro
- Economics
- 1 December 1999
A panel study of over 100 countries from 1960 to 1995 finds that improvements in the standard of living predict increase in democracy, as measured by a subjective indicator of electoral rights. The…
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