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Full-Text Articles in Social and Behavioral Sciences
Genetic Diversity And Economic Development: Assessing The Key Findings In Ashraf And Galor (2013), Raymond Caraher, Michael Ash
Genetic Diversity And Economic Development: Assessing The Key Findings In Ashraf And Galor (2013), Raymond Caraher, Michael Ash
Economics Department Working Paper Series
We replicate Ashraf and Galor (2013) and find that its conclusions concerning the association between human genetic diversity and economic development depend substantially on coding errors and sample selection. We correct the coding errors and add or update data on genetic diversity and population density from high-quality sources. We find little support for the hypothesis that variation in genetic diversity among subpopulations has a systematic relationship with economic development.
The Real Exchange Rate Policy Trilemma In Developing Economies, Arslan Razmi
The Real Exchange Rate Policy Trilemma In Developing Economies, Arslan Razmi
Economics Department Working Paper Series
This paper discusses some of the inter-temporal issues that arise in the pursuit of real undervaluation to achieve rapid development. Policy makers face a trade-off between achieving a capital stock target in a given amount of time on the one hand and boosting real wages and output in the short run, on the other. This generates a trilemma whereby development-focused policy makers can choose to pursue two out of three desirables: (1) use the real exchange rate as an instrument of development policy, (2) meet the development target within a politically relevant time frame, and (3) maintain political stability. The …