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Make Trade not War?
Discussion Paper 5218
Countries more open to global trade have a higher probability of war
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What is the effect of Globalisation on the risk of war?
Philippe Martin discusses theoretically and empirically the relationship between
trade and war and explains the intuition that trade promotes
peace is only partially true even in a model where trade is beneficial to all, war
reduces trade.
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Culture and Institutions
Discussion Paper 6589
To understand economic development, we need to understand both the functioning of institutions and the values that underpin them
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How and why does distant political and economic history shape the functioning of current institutions? Guido Tabellini, current president of the European Economic Association, argues that individual values and convictions about the scope of application of norms of good conduct provide the 'missing link'.
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Betting on Hitler - The Value of Political Connections in Nazi Germany
Discussion Paper 5021
Stock market evidence of support for Hitler from big business in Germany
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Joachim Voth examines the effect of close ties with the National Socialist party on the share price of listed firms in Germany in 1932-33. He finds that while the German stock market as a whole rose after Hitler's accession to power, firms with board members known to favour the party (or backing it financially) outperformed the market by 5-10% between January and May 1933.
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Racial Identity and Education
Discussion Paper 5607
Choice of friends makes a difference to performance at school
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Yves Zenou investigates the sources of differences in school performance between students of different races, using data on friendship groups among American teenagers. He finds that having a higher percentage of same-race friends has a positive effect on white teenagers' test scores but a negative effect on black teenagers' test scores.
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Measuring Ethnic Identity and Its Impact on Economic Behaviour
Discussion Paper 6466
A new way to measure the ethnic identity of immigrants to Germany
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Klaus Zimmermann advocates a new measure of the ethnic identity of migrants, and explores its explanatory power for their economic outcomes. The 'ethnosizer' measures the intensity of a person's ethnic identity, using information on language, culture, societal interaction, history of migration, and ethnic self-identification.
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