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Development and History

The Department of Economics at the University of Warwick has an active Economic Development and History Research Group, with a weekly external seminar, a weekly internal workshop, and high quality PhD students. We also organise international conferences on campus, or in Venice.

Our activities

Economic History and Development Workshop/Seminar
Monday, 1.00-2.00pm
For faculty and PhD students at Warwick and other top-level academic institutions across the world. For a detailed scheduled of speakers please follow the link below:
History and Development Workshops
Organisers: Yannick Dupraz

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CAGE-AMES Workshop - Mausumi Das (Delhi School of Economics)

Location: Cowling Room, S2.77

Mausumi Das (visiting Associate Professor, Delhi School of Economics) will be presenting at the CAGE AMES Seminar on 23rd October.

Title: Corruption, Culture and Comparative Development

Abstract: Agents in an economy differ in terms of their moral attitude towards corruption. Attitudes are culturally acquired and influence agents' occupational choice, which in turn impacts growth. In a heterogeneous agents framework, we explore this interaction between corruption, culture and the level of economic activities. We show that relationship between high-moral attitude and economic growth could be non-monotonic. Presence of many high moral agents helps in reducing the overall degree of corruption. At the same time, for any given level of corruption, high moral agents are less adaptable to game an already corrupt system in pursuit of economic profits. Thus the initial cultural composition of the population interacts with economic incentives to generate differential growth paths for different economies. Moreover the cultural composition of the population changes endogenously responding to economic growth, which creates possibilities of multiple balanced growth paths and culture-induced poverty traps.

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