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We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision …-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …
Persistent link: https://www.econbiz.de/10005498068
-enhancing role of innovation and innovation policy. The analysis combines innovation variables with indicators linked to the … formation of adequate social conditions for innovation (the social filter), and spillovers for 31 Mexican states and the Mexico … results stress that, although Mexican innovation policy has been relatively well targeted in order to generate greater …
Persistent link: https://www.econbiz.de/10011083786
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries bene…t and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10011083861
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10011084260
Union (EU) and elsewhere in the world. However, despite the considerable funds devoted to it, its impact remains … other factors which may condition economic growth, such as innovation, migration, and the local ‘social filter’, taking also … into account the geographical component of intervention in transport infrastructure and innovation. The results of the two …
Persistent link: https://www.econbiz.de/10011084543
investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in … innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy …
Persistent link: https://www.econbiz.de/10005789082
innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skill intensive …
Persistent link: https://www.econbiz.de/10005792394
Per capita incomes across European regions are not equal and do not stay constant; regional income distributions fluctuate over time. Such a process could have many possible limiting outcomes: complete equality (convergence), stratification, and continually increasing inequality are but three...
Persistent link: https://www.econbiz.de/10005123676