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Innovation, Market Structure and Economic Growth

Palma, Nuno Pedro Gonçalves - EconWPA - 2004

This paper presents a dynamic partial equilibrium model that endogenizes firms' investment decision on innovation …: product innovation causes horizontal expansion growth, and process innovation causes vertical expansion growth. Market … structure in different markets emerges as a consequence of different investment on innovation opportunities. Main variables that …

Persistent link: https://www.econbiz.de/10005134434

Unified Growth Theory

Galor, Oded - EconWPA - 2005

This chapter examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the entire...

Persistent link: https://www.econbiz.de/10005556052

The Demographic Transition and the Emergence of Sustained Economic Growth

Galor, Oded - EconWPA - 2004

The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...

Persistent link: https://www.econbiz.de/10005556697

North-South Trades and Growth Miracles

Choi, Seung Mo - EconWPA - 2005

This paper proposes a two-country 'economic' model (in the sense that it contains utility and profit maximization motives), in which a low-income economy enjoys a high growth rate relative to a high-income economy, thanks to importing technologies (or 'machines') invented in the high- income...

Persistent link: https://www.econbiz.de/10005556704

Growth, private investment and reforms : A comparative perspective

KAMEL, Ghazouani - EconWPA - 2005

In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian countries, in the North Africa and in the non CFA Sub-Saharan Africa economies over 1970-89 to 2003. These regions differ considerably among them selves as well as with regard to the...

Persistent link: https://www.econbiz.de/10005556730

Complex dynamics in a Pasinetti-Solow model of growth and distribution

Commendatore, Pasquale - EconWPA - 2005

In this paper, we study some of the properties of a discrete-time version of the two-class model of growth and distribution proposed by Pasinetti (1962) and Samuelson and Modigliani (1966) with a concave production function of the CES type. Two distinct groups of agents, workers and capitalists,...

Persistent link: https://www.econbiz.de/10005125028

Land Inequality and the Origin of Divergence and Overtaking in the Growth Process

Galor, Oded; Moav, Omer; Vollrath, Dietrich - EconWPA - 2004

This research develops a unified growth theory that captures the transition from the domination of geographical factors\ in the determination of productivity in early stages of development to the domination of institutional factors in mature stages of development. It identifies a novel channel...

Persistent link: https://www.econbiz.de/10005125614

Trading Population for Productivity

Galor, Oded; Mountford, Andrew - EconWPA - 2004

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a significant role in the timing of demographic transitions across countries and has thereby been a major determinant of the distribution of world population and a...

Persistent link: https://www.econbiz.de/10005125617

From Physical to Human Capital Accumulation: Inequality and the Process of Development

Galor, Oded; Moav, Omer - EconWPA - 2004

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the growth process was reversed in this process. In...

Persistent link: https://www.econbiz.de/10005125649

Food for Thought: Basic Needs and Persistent Educational Inequality

Galor, Oded; Mayer-Foulkes, David - EconWPA - 2004

This research demonstrates that human capital accumulation by the poor is only possible if a minimum level of health and well-being has been attained. When families do not have enough resources to invest in the satisfaction of basic needs and health care, and finance is not available for this...

Persistent link: https://www.econbiz.de/10005125667