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-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
's education and making monetary transfers (or bequests). I show that increases in the growth rate of skill biased technological …
Persistent link: https://www.econbiz.de/10005412682
productivity increases (growth) in general. P. Romer provides a more specific reply: technological change or the growth of new … and gives occasion to a dynamic and uninterrupted growth process, but technology itself is the product of mental labor …. There is practically no limit to growth in the long-run since there is no limit to human creativity. The creative …
Persistent link: https://www.econbiz.de/10005556709
This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE …
Persistent link: https://www.econbiz.de/10005125524
This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the … rate of per capita GDP growth in the initial phase, but nonetheless are indispensable for sustained economic growth in the …
Persistent link: https://www.econbiz.de/10005407691
Reference: Challenge, January/February, 1979
Persistent link: https://www.econbiz.de/10005125870
lower than in the standard models. Moreover, in the intermediate range between the regimes of the fast and slower growth …
Persistent link: https://www.econbiz.de/10005076973
A general framework for pricing of real options in continuous time for wide classes of payoff streams that are monotone functions of a Levy process is provided. Exercise rules are formulated in terms of statistics of record-setting low payoffs and can be viewed as an extension of Bernanke's bad...
Persistent link: https://www.econbiz.de/10005134751
The diffusion of health care technology is influenced by both the total market share of managed care organizations as well as the level of competition among them. This paper differentiates between HMO penetration and competition and examines their relationship to the adoption of cardiac...
Persistent link: https://www.econbiz.de/10005007503
Roy’s safety-first rule is used to provide measures popular with farmers of short and long term business risk associated with various no-till transition strategies over an investment horizon. The short run rule provided more sensitivity to inter-year financial risk than other commonly used...
Persistent link: https://www.econbiz.de/10005407764