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is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper …
Persistent link: https://www.econbiz.de/10005662305
We construct a revised version of the Barro and Lee (1996) data set for a sample of OECD countries using previously unexploited sources and following a heuristic approach to obtain plausible time profiles for attainment levels by removing sharp breaks in the data that seem to reflect changes in...
Persistent link: https://www.econbiz.de/10005666682
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population … theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection …
Persistent link: https://www.econbiz.de/10005666934
This paper analyses the interaction between the distribution of human capital, technological progress, and economic growth. It demonstrates the significant role of the distribution of human capital in the process of economic development. The evolutionary pattern of the human capital...
Persistent link: https://www.econbiz.de/10005666952
This paper examines how economic stratification affects inequality and growth over time. It studies economies where heterogenous agents interact through local public goods or externalities (school funding, neighbourhood effects) and economy-wide linkages (complementary skills, knowledge...
Persistent link: https://www.econbiz.de/10005666953
This paper presents a unified theory that provides an intertemporal reconciliation between conflicting viewpoints about …
Persistent link: https://www.econbiz.de/10005666981
choose to work. After arguing that most existing theories cannot explain this fact, I construct a positive theory which is …. The theory developed in this paper is also shown to be consistent with a number of other regularities. …
Persistent link: https://www.econbiz.de/10005788967
The two notes deal (from different angles) with the extension of the Solow model that has been offered by Mankiw, Romer and Weil (MRW). In this `extended Solow' model, physical capital enters the production function with the same weight as human capital and both weights are about 1/3. The first...
Persistent link: https://www.econbiz.de/10005792396
France's post-war growth has gone through four phases. The strong growth performance of the 1950s was helped by a phenomenon of catch-up on best foreign practices, and by a positive effect of capital rejuvenation. Yet the best performance was to follow and covered a period beginning around 1958...
Persistent link: https://www.econbiz.de/10005123721
This paper analyses the relationship between technological progress, intergenerational earnings mobility, and economic growth. The analysis demonstrates that the interplay between technological progress and two components that determine individual earnings – parental human capital and...
Persistent link: https://www.econbiz.de/10005124238