Showing 1 - 10 of 330
The paper surveys both the usefulness of endogenous innovation models of growth in economic history and the implications of historical research for new growth theorists. It is suggested that economic historians should take endogenous innovation models seriously and that this will help them to...
Persistent link: https://www.econbiz.de/10005667114
In this paper we examine the persistent effects of past wages of displaced workers on the probability of finding a new job and on wages in the new job. We use a new database looking at the post-displacement experience of a sample of Belgian workers who have lost their jobs because of a sizeable...
Persistent link: https://www.econbiz.de/10005792151
The growth of the Belgian economy since 1945 is surveyed with emphasis on the distinction between open and sheltered sectors. Relatively slow growth to around 1960 is explained by a move away from traditionally liberal industrial policies that began in the crisis of the 1930s, by the squeeze on...
Persistent link: https://www.econbiz.de/10005792320
This paper investigates how telecommunications infrastructure affects economic growth. This issue is important and has received considerable attention in the popular press concerning the creation of the 'information superhighway' and its potential impacts on the economy. We use evidence from 21...
Persistent link: https://www.econbiz.de/10005123589
, falling labor share and accumulation of a large foreign surplus. The theory makes only minimal deviations from a neoclassical … assets, generating a foreign surplus. We test some auxiliary implications of the theory and find robust empirical support. …
Persistent link: https://www.econbiz.de/10005123794
This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th century, then acceleration peaking in 1928-50, and then a deceleration to a slow rate after 1972 that returns...
Persistent link: https://www.econbiz.de/10005124204
This paper examines growth in output per person in 17 OECD countries from the late nineteenth century to 1989 considering the possibility of several breaks in trend. In all cases the unit root hypothesis is rejected in favour of a segmented trend stationary alternative. 1951-73 is shown to be an...
Persistent link: https://www.econbiz.de/10005497870
Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...
Persistent link: https://www.econbiz.de/10005498062
This paper provides a description of the economic growth process and its major characteristics in the Netherlands from the 1930s up to the present. The first part presents some main characteristics of the long-run growth performance of the Dutch economy. It is shown that the Netherlands has...
Persistent link: https://www.econbiz.de/10005114219
considered this to be one of the six important `stylized facts' that theory should address, and until the emergence of endogenous … growth models, this was a fundamental feature of growth theory. This paper uses an endogenous trend break model to …
Persistent link: https://www.econbiz.de/10005114489