A new discussion paper by Raquel Campos, Fernanda L. L. de Leon and Ben McQuillin, KDPE 1707, April 2017.
When an academic participates in a large conference, her likelihood of subsequently writing a paper with at least one participant at the conference increases by one-sixth (close to 18%). Moreover, it seems that conferences improve the quality of matching among co-authors, leading to papers that are published in higher-ranked journals.
These findings are documented in the paper “Lost in the Storm: The Academic Collaborations that Went Missing in Hurricane Isaac”. This is part of an ongoing programme of work, funded by the Leverhulme Trust, in which economists at University of Kent and University of East Anglia utilise a natural experiment to understand the role of conferences in academic and scientific production generally.
A new discussion paper by Amrit Amirapu, KDPE 1706, February 2017.
Commerce and manufactures can seldom flourish long in any state which does not enjoy a regular administration of justice, ... in which the faith of contracts is not supported by law... Adam Smith, The Wealth of Nations, Book V, Chapter III
Are well-functioning formal judicial institutions important for growth and development? Some - including Adam Smith - have argued that they are needed to ensure efficient contract enforcement. Others have argued that informal contracting arrangements such as relational contracts, social norms or kinship networks can provide workable substitutes (Acemoglu and Johnson(2005)).
A new discussion paper by Masaru Inaba and Keisuke Otsu, KDPE 1705, March 2017.
The objective of this paper is to construct a dataset of Japanese prefecture level production, income and expenditure data and analyze the Japanese regional growth and business cycle features. The 47 prefectures are analyzed individually and also as 10 regional groups; Hokkaido, Tohoku, Kanto, Chubu, Kinki, Chugoku, Shikoku, Kyushu and Okinawa.
A new discussion paper by Konstantinos Angelopoulos, Wei Jiang and James Malley, KDPE 1704, January 2017.
The evolution of inequality has been well documented in the data. Inequality in earnings has increased in recent decades and, in particular, wage inequality has increased dramatically since the beginning of the 20th century. As a result of this rise and its deleterious implications for the welfare of a large part of the population, societies and policymakers at large are paying increasing attention to better understanding causes and consequences of inequality.