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Factor Replacement versus Factor Substitution, Mechanization and Asymptotic Harrod Neutrality
Givon, Danny - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
under-development; despite the lack of non-convexities. …
Persistent link: https://www.econbiz.de/10005063382
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Technological Leaders and Followers in a World Economy
Haruyama, Testsugen; Hashimoto, Ken-ichi - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2007
This paper develops a dynamic general equilibrium model of North-South trade and economic growth in a world economy with a continuum of countries. Countries are different in research productivity. Innovation, imitation and the relative wage between countries are endogenously determined as well...
Persistent link: https://www.econbiz.de/10005650484
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De-industrialization of the Riches and the Rise of China
Üngör, Murat - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
This paper tries to understand the structural transformation in a global world. While employment and output have shifted out of the industrial sector and into services in the G7 countries, the majority of world manufacturing employment is now located in the developing countries of Asia,...
Persistent link: https://www.econbiz.de/10011124022
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Long-Run Development in the Open Economy
Milionis, Petros - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
Are open economies characterized by superior economic performance in the long-run? This paper revisits this important question from the point of the view of unified growth theory. Contrary to other recent attempts to study this question, the paper considers two distinct channels through which...
Persistent link: https://www.econbiz.de/10011124125
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On foreign aid distortions to governance
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014
The Kangoye (2013, TDE) findings on the negative nexus between foreign aid unpredictability and governance could seriously affect debates in academic and policy making circles. Using the theoretical underpinnings of the celebrated Eubank (2012, JDS) literature, we first confirm Kangoye’s...
Persistent link: https://www.econbiz.de/10010862107
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A Development Consensus reconciling the Beijing Model and Washington Consensus: Views and Agenda
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014
Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a … critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal … institutional diversity matter in the development process. We synthesize perspectives from over 150 recently published papers on …
Persistent link: https://www.econbiz.de/10010887031
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Machines as Engines of Growth
Zeira, Joseph - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
This paper builds a model of growth through industrialization, where machines replace workers in a growing number of tasks. This enables the economy to experience long-run growth, as machines become servants of humans, and as their number grows unboundedly. The mechanism that drives growth is...
Persistent link: https://www.econbiz.de/10005292803
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The Quest for Productivity Growth in Agriculture and Manufacturing
Guilló, María Dolores; Sebastián, Fidel Pérez - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
We develop a theory to explain the transition from stagnation to modern growth. We focus on the forces that shaped the evolution of total factor productivity in agriculture and manufacturing across history. More specifically, we build a multisector model of endogenous technical-change and...
Persistent link: https://www.econbiz.de/10005482001
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Why England? Demographic factors, structural change and physical capital accumulation during the Industrial Revolution
Voigtländer, Nico; Voth, Hans-Joachim - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
Why did England industrialize first? And why was Europe ahead of the rest of the world? Unified growth theory in the tradition of Galor-Weil (2000) and Galor-Moav (2002) captures the key features of the transition from stagnation to growth over time. Yet we know remarkably little about why...
Persistent link: https://www.econbiz.de/10005650459
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Regional Growth and Development without Scale Effects – a Simple Model of Endogenous Formation of Regions
Gries, Thomas; Heinrich, Tobias - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
We present a semi-endogenous model of regional growth and development without scale effects. In this model of a small … development position, the population size and density of the region, as well as comparative advantages are endogenously determined. …
Persistent link: https://www.econbiz.de/10005650491