• DOI:10.1086/693038
Corpus ID: 154662416

Asymmetric Growth and Institutions in an Interdependent World

@article{Acemoglu2017AsymmetricGA,
  title={Asymmetric Growth and Institutions in an Interdependent World},
  author={D. Acemoglu and J. Robinson and T. Verdier},
  journal={Journal of Political Economy},
  year={2017},
  volume={125},
  pages={1245 - 1305}
}

D. Acemoglu, J. Robinson, T. Verdier

Published 2017

Economics

Journal of Political Economy

We present a model of technologically interconnected countries that benefit and potentially contribute to advances in the world technology frontier. Greater inequality between successful and unsuccessful entrepreneurs increases entrepreneurial effort and a country’s contribution to that frontier. Under plausible assumptions, the world equilibrium is asymmetric, involving different economic institutions and technology levels for different countries. Some countries become technology leaders and… CONTINUE READING

View on U of Chicago

dspace.mit.edu

Save to Library

Create Alert

Cite

Launch Research Feed