Capitalism and Freedom

Economics, Analysis and Observations

Wednesday, September 15, 2010

OPEC AND THE LOGIC OF CARTELS

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Recently, the Organization of Petroleum Exporting Countries (OPEC) celebrated its 50th anniversary ( link ). The organization was founded in...
Friday, September 10, 2010

EARNINGS AND EDUCATION: A SURVEY

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In 2009, the median weekly earnings of workers with bachelor's degrees were $1,137. This amount is 1.8 times the average amount earned b...

CHINA'S GROWTH MODEL

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According to some preliminary estimates ( link ), China's trade balance is on the course for a significant surplus this year. IMF's ...
Monday, September 06, 2010

PRODUCTIVITY GROWTH IN BRAZIL

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Carlos Pereira of the Brookings Institution ( link ) has reviewed the dismal productivity growth and the consequent macroeconomic indicator...
Sunday, September 05, 2010

SKILLED IMMIGRATION AND INNOVATION

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A recent paper by Jennifer Hunt ( link ) finds that the increase in foreign-born graduates strongly contributes to the innovation in the Uni...

WHY DO THE POOR CHOOSE TO LIVE IN CITIES?

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In the recent edition of Yale Economic Review ( link ), Ed Glaeser, Matthew Kahn and Jordan Rappaport ponder one of the most difficult and ...

AFRICAN SUCCESS STORY: BOTSWANA

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An intriguing empirical finding from the institutional perspective of economic development from Daron Acemoglu, Simon Johnson and James A. R...
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Friday, September 03, 2010

AUTHORITARIAN POLITICS AND ECONOMIC GROWTH

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Dani Rodrik argues ( link ) that political dictatorship is damaging to economic growth since democracies not only outperformed countries wit...

THE 2015 SOVEREIGN DEBT FORECAST

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Source: The Economist, Sovereign Debt: Wiggle Room , September 2, 2010 ( link )
Thursday, July 15, 2010

POVERTY, INCOME INEQUALITY AND ECONOMIC DEVELOPMENT

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Financial Times reports ( link ) on the new measure of poverty proposed by economists from Oxford University. The authors suggested the modi...
Thursday, June 17, 2010

U.S. POPULATION STRUCTURE: 2010-2050

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Source: U.S. Census Bureau ( link )
Wednesday, June 16, 2010

THE EMPIRICAL EVIDENCE ON WAGNER'S LAW

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Ever since the original proposition by a 19th century German economist Adolph Wagner, Wagner's law has undergone significant theoretical...
Tuesday, June 08, 2010

THE ECONOMIC EFFECTS OF SODA TAX

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Greg Mankiw ( link ) and David Leonhardt ( link ) have opened a debate on whether govenrment policymakers should levy a tax on soda and othe...
1 comment:
Thursday, June 03, 2010

THE EUROZONE AS NON-OPTIMUM CURRENCY AREA

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In WSJ, Vaclav Klaus, the president of Czech Republic, draw important conclusions from the long-term economic sustainability of the Eurozone...

SLOW GROWTH AND PUBLIC DEBT IN EUROPE

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Gary Becker ( link ) and Richard Posner ( link ) have initiated an interesting debate on low economic growth as the main macroeconomic conce...
Saturday, May 22, 2010

TAX WEDGE AND PRODUCTIVITY IN OECD COUNTRIES

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The OECD Factblog highlighted a comparison of tax burden across the OECD countries. The main findings of the comparison is that overall tax ...
Tuesday, May 11, 2010

WELFARE STATE AND THE FUTURE OF EUROZONE

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The $140 billion rescue package to Greece is a milestone in the European Monetary Union. A lively debate on recent macroeconomic imbalances ...
Tuesday, May 04, 2010

THE EMPIRICS OF CORRUPTION, INSTITUTIONS AND ECONOMIC DEVELOPMENT

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Urska Zagar posted two very interesting empirical articles ( here and here ) about the connections between corruption, economic freedom and...
Sunday, May 02, 2010

FEDERAL DEBT IN THE US (1940-2009)

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Source: Office of Budget and Management (2010)

PRODUCTIVITY AND LABOR COSTS INDEX IN THE UNITED STATES

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Bureau of Labor Statistics has recently published quarterly productivity and costs figures in the US nonfarm business sector ( link ).
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Rok Spruk
Discovering Economic Science from various Perspectives
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