Determinants of economic growth: A comparative analysis of Estonia and Georgia
Skrifað ásamt Eduard Hochreiter, í Economic Transformation of Central and Eastern European Countries, Conference Proceedings. Abstract We study and […]
Skating on thin ice?
Recent events have commentators discussing whether Iceland is in danger of an economic meltdown. This column examines the situation in […]
When Iceland was Ghana
Believe it or not: in 1901, Iceland’s per capita national economic output was about the same as that of today’s […]
Dwindling fish: What’s the catch?
The Common Fisheries Policy, a product of special interests rather than economic rationale, has driven European fish stocks to dangerously […]
Dutch disease
Í Steven N. Durlauf og Lawrence E. Blume (ritstj.), The New Palgrave Dictionary of Economics, Springer Verlag, Berlín, 2008 Abstract […]
A golden rule of depreciation
We derive a Golden Rule for the obsolescence of physical capital. Optimal durability is shown to vary inversely with population […]
The international economics of natural resources and growth
This article is in three parts. First, it briefly describes the contribution of natural resources to economic growth around the […]
The price of petrol: Getting it right
Subsidized energy is not an efficient form of social protection, for two main reasons. First, selling domestically produced energy at […]
Growing apart: Zambia and Thailand
In the 1960s, Zambia produced more output per person than Thailand. Today, however, Thailand’s income per person is six times […]
Why Europe works less and grows taller
Money isn’t everything. Even if national economic output per capita remains higher in the United States than in most of […]