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-defined knowledge of our preferences, all possible states of the world, all possible actions (our "technologies"), the mappings among …
Persistent link: https://www.econbiz.de/10011894288
innovating with respect to their understandings of the world in which they operate, the technologies they master, their … technological evolution; (ii) The theory of the firm in evolving environments; (iii) The formalization of learning processes; (iv …) the theory of production; (v) consumption patterns; (vi) economic interactions and the working of markets; and, (vii) The …
Persistent link: https://www.econbiz.de/10013402021
In this chapter we discuss the role of natural resources and endowment structures on structural change. Departing from theories of trade that stress specialization according to one's comparative advantages as the key route to development, we articulate an alternative point of view on the role of...
Persistent link: https://www.econbiz.de/10012215151
In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms....
Persistent link: https://www.econbiz.de/10011763040
Persistent link: https://www.econbiz.de/10011806187
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10010252655
Persistent link: https://www.econbiz.de/10003991108
Persistent link: https://www.econbiz.de/10001399585
Persistent link: https://www.econbiz.de/10001409641
This paper examines the performance of the JTPA performance system, a widely emulated model for inducing efficiency in government organizations. We present a model of how performance incentives may distort bureaucratic decisions. We define cream skimming within the model. Two major empirical...
Persistent link: https://www.econbiz.de/10011412037