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A mutual link between poverty and environmental degradation is examined in an overlapping generations model with environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth dynamics, whereas wealth distribution determines the...
Persistent link: https://www.econbiz.de/10005407670
agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … agents own their labor. In this process, the role of population growth switches from being a force driving the transition …
Persistent link: https://www.econbiz.de/10005125014
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …
Persistent link: https://www.econbiz.de/10005556717
disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa … given the dramatic reduction in life expectancy due to HIV/AIDS and the potential lasting effects on growth. Our results … indicate that as life expectancy shortens so does schooling inducing a lower growth rate of income. These relationships are …
Persistent link: https://www.econbiz.de/10005118675
changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …
Persistent link: https://www.econbiz.de/10005076545
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 early stages of the Industrial Revolution, when physical capital accumulation …
Persistent link: https://www.econbiz.de/10005125649
agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … agents own their labor. In this process, the role of population growth switches from being a force driving the transition …
Persistent link: https://www.econbiz.de/10005125652
-abundant East Asia traded more heavily with the U.S. and thus engineered faster growth than did land-abundant Latin America. Factor … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of … triggered the transition from stagnation to growth and the associated phenomenon of the great divergence in income per capita … across countries has been widely viewed as one of the most significant challenges facing researchers in the field of growth …
Persistent link: https://www.econbiz.de/10005062763
Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a … short period, usually four years, while significant portions of aid are unlikely to affect growth in such a brief time. We … divide aid into three categories: (1) emergency and humanitarian aid (likely to be negatively correlated with growth); (2 …
Persistent link: https://www.econbiz.de/10005408143