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. This modeling represents impatience and present bias without causing time inconsistent decision making. In a model of a … conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present …
Persistent link: https://www.econbiz.de/10012302852
. This modeling represents impatience and present bias without causing time inconsistent decision making. In a model of a … conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present …
Persistent link: https://www.econbiz.de/10012436192
This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...
Persistent link: https://www.econbiz.de/10003725568
This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10003725605
Persistent link: https://www.econbiz.de/10003451385
Persistent link: https://www.econbiz.de/10008697590
Persistent link: https://www.econbiz.de/10008902405
Unified growth theory predicts that the timing of the fertility transition is a key determinant of contemporary … comparative development, as it marks the onset of the take-off to sustained growth. Neoclassical growth theory presupposes a take … income differences. -- Comparative Development ; Unified Growth Theory ; Neoclassical Growth Theory …
Persistent link: https://www.econbiz.de/10008906820
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …
Persistent link: https://www.econbiz.de/10008906821
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … - are thus much better than predicted by conventional R&D-based growth theory. -- Endogenous growth ; R&D ; declining …
Persistent link: https://www.econbiz.de/10008906841