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This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic...
Persistent link: https://www.econbiz.de/10010954288
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic...
Persistent link: https://www.econbiz.de/10010311672
Persistent link: https://www.econbiz.de/10000957656
Persistent link: https://www.econbiz.de/10000622060
The paper sets up a two-region endogenous growth model to discuss growth and regional convergence of unified Germany … derives fiscal policy rules which establish convergence of regional output per capita and convergence of regional human wealth …. To assess the speed of convergence the model is calibrated with German data. Given a fiscal policy rule that is …
Persistent link: https://www.econbiz.de/10013361013
Persistent link: https://www.econbiz.de/10009781377
In this paper, we show, using a panel of developed countries, that there is a long-run negative association between church attendance and total factor productivity (TFP) with predictive causality running from declining church attendance to increasing factor productivity. According to our...
Persistent link: https://www.econbiz.de/10011490822
This study constructs a simple, two-sector Malthusian model with agriculture and industry, and use it to identify the determinants of subsistence income. We make standard assumptions about preferences and production technology, but by contrast to existing studies we assume that children and...
Persistent link: https://www.econbiz.de/10003857649
Persistent link: https://www.econbiz.de/10009723606
Successful economic development is usually characterized by two salient phenomena: industrialization and demographic transition. Chronologically both events happen so closely to each other that historians and economists alike suspect that they are interrelated. This paper develops a theory for...
Persistent link: https://www.econbiz.de/10003612619