[10月31日]宏观经济学workshop

发布日期:2014-10-31 02:48    来源:北京大学国家发展研究院

宏观经济学workshop(五)
时间:10月31日10:00-11:30
地点:致福轩会议室
标题:Institutions Do Not Rule—Reassessing the Driving Forces of Economic Development
演讲嘉宾:文一

主持:赵波、王敏

嘉宾简介:清华大学经管学院经济系教授,CCB讲席教授。1982年获华西医科大学医学学士,1991 年获美国圣母大学(Notre Dame)科学哲学硕士,1996年获爱荷华(Iowa)大学经济学博士。之后任教于香港科技大学、美国康奈尔大学。2008年起担任清华大学经济管理学 教授,博士生导师。主要讲授课程包括:高级宏观经济学,中级宏观经济学。研究领域包括宏观经济学,商业周期,货币政策,中国宏观经济 问题。在Econometrica, Journal of Economic Theory,Journal of Monetary Economics, Journal of Money, Credit, and Banking, American Economic Journal: Macroeconomics, Journal of Economic Dynamics and Control 等匿名审稿国际学术期刊发表论文三十多篇。目前兼任美国联邦储备银行(圣路易斯)助理副行长、《宏观经济动力学》副编辑(Macroeconomic Dynamics, Associate Editor)、《经济调控与动力学杂志》副编辑(Journal of Economic Dynamics and Control, Associate Editor),和《中国经济评论》主编(China Economic Review, co-Editor)等职。

报告摘要:Using cross-country data and instrumental variables widely used in the literature, we show that (i) institutions (such as property rights and the rule of law) do not explain industrializationand (ii) agrarian countries and industrial countries have entirely different determinants for income levels. In particular, it is geography rather than institutions that explain the income differences among agrarian countries, while institutions appear to matter only for industrial economies’ income variations. Moreover, we found that it is the stage of economic development that explains a country’s quality of institutions, rather than the other way around. The finding that institutions do not explain industrialization but are instead
explained by industrialization (or the stage of development) lends support to the well-received view among prominent economic historians—that institutional changes in 17-18 century England did not cause the Industrial Revolution.
 


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