Over the past decades, economists working on growth have ‘rediscovered’ the importance of history, leading to the emergence of a vibrant, far-reaching inter-disciplinary stream of work. This column introduces the second eBook in a new three-part series which examines key themes in this emergent literature and discusses the impact they have on our understanding of the long-run influence of historical events on current economics. This volume focuses on attempts by economists to shed light on the effects of European colonisers on development and culture across Africa and Asia.
Stelios Michalopoulos, Elias Papaioannou, 14 February 2017
Rafael Lalive, Simon Luechinger, Armin Schmutzler, 15 March 2013
Against a backdrop of road accidents, pollution and congestion, many governments subsidise railways with the aim of reducing such externalities. But do improvements in public transport work? This column argues that recent empirical evidence confirms our expectations and, moreover, that public-transport improvements offer good value for money.
Rafael Lalive, Simon Luechinger, 10 February 2013
Many governments subsidise regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities.