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Full-Text Articles in Economics
Sweden's Great Escape: Industrialization And The Changing Productivity Cost Of Winter, Charlotte Taylor, Jesse Anttila-Hughes
Sweden's Great Escape: Industrialization And The Changing Productivity Cost Of Winter, Charlotte Taylor, Jesse Anttila-Hughes
Master's Theses
We combine a paleoclimate reconstruction of the North Atlantic Oscillation (NAO)- a key determinant of Scandinavian winter intensity- with four centuries of historical production data from Sweden, to examine the changing influence of climate variability on production over time. We find the colder, drier winters associated with the negative phase of the NAO led to reduced economic production for much of Swedish history, and that this relationship changed with development: during industrialization, Sweden underwent a transition from ‘level’ effects, where harsh winters lowered average incomes, to ‘growth’ effects, where it reduced growth in improving living standards. Post-industrialization, neither ‘level’ nor …
Privatization & Fdi: Examining Growth In Vietnam's Provinces, William T. Clark
Privatization & Fdi: Examining Growth In Vietnam's Provinces, William T. Clark
Master's Theses
Over the past three decades many developing countries have looked toward privatizing investment markets and relying more on Foreign Direct Investment (FDI) to supply needed capital investment for their emerging private sectors. In their pursuit of foreign capital, developing countries have enacted several changes in economic policy and regulation in hopes of transforming formerly rural and undeveloped countries into highly urbanized centers of global production. This is particularly true for a transitioning economy such as Vietnam, which has seen increasing privatization of industry and investment since the reforms of 1986 known as “Doi Moi.” In this study I …
The Resource Curse And Peru: A Potential Threat For The Future?, Sergio Cruz
The Resource Curse And Peru: A Potential Threat For The Future?, Sergio Cruz
Master's Theses
What explains the ability of some countries to successfully use their natural resources towards development and economic growth while for others stagnation and impoverishment? The resource curse theory has helped economists explain this observation. This work examines how Peru has been able to produce strong economic growth in the last 20 years despite the economy’s strong dependence on its natural resource extractive industry. Peru has been able to avoid many of the pitfalls and traps that resource curse literature considers to be detrimental to economic growth. This article examines the resource based economies of four other countries (Venezuela, Chile, Nigeria, …