Prussian industrialization and finds it unwarranted. The econometric analysis on which this claim is based suffers from severe …

stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … an open economy increases the rate of capital formation and speeds up the pace of industrialization relative to a closed …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …

industrialization itself. We find that basic education significantly accelerated non-textile industrialization in both phases of the …

We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or …

changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …

conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … individuals who are initially not employed respond more to high local unemployment rates by starting businesses than wage … influences resulting in higher levels of business creation. Using the regression estimates for the local unemployment rate …

Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that … discourages employee shirking in asymmetric information contexts. Our empirical analysis aims to verify the role of unemployment …, we investigate the relationship between worker’s absences and local unemployment rate (at the provincial level). We find …