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Persistent link: https://www.econbiz.de/10005118756
countries in the last two centuries. The theory suggests that international trade affected the evolution of economies … comparative advantage generates an important new insight regarding the distribution of the gains from trade. The theory suggests …
Persistent link: https://www.econbiz.de/10005125617
This paper summarizes new developments in world trade, technological changes worldwide and their implications for recent theoretical studies in economics. After defining the economic globalization and schematizing its relations with international trade, economic growth and technological change,...
Persistent link: https://www.econbiz.de/10005556465
This paper hypothesizes that the demise of the 19th century's European class structure reflects a deliberate transformation of society orchestrated by the capitalists. Contrary to conventional wisdom, it argues that the demise of this class structure was an outcome of a cooperative, rather than...
Persistent link: https://www.econbiz.de/10005408259
development across most of human history induced growth theorists to advance an alternative theory that captures in a single … between these distinct regimes. Unified growth theory reveals the underlying micro foundations that are consistent with the … growth process over the entire history of the human species, enhancing the confidence in the viability of the theory, its …
Persistent link: https://www.econbiz.de/10005062763
theorists to advance an alternative theory that captures in a single unified framework the epoch of Malthusian stagnation, the … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory … species, enhancing the confidence in the viability of the theory, its predictions and its policy implications for the growth …
Persistent link: https://www.econbiz.de/10005556052
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
This paper examines the relationship between fertility and human capital investment, and it’s implications for economic growth, focusing on the e ects of declining mortality. Unlike the existing literature, this paper stresses the role of uncertainty about the number of surviving children. If...
Persistent link: https://www.econbiz.de/10005126196
This paper analyzes qualitatively and quantitatively the e ects of declining mortality rates on fertility, education and economic growth. The analysis demonstrates that if individuals are prudent in the face of uncertainty about child survival, a decline in an exogenous mortality rate reduces...
Persistent link: https://www.econbiz.de/10005412569
This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the … Revolution. The theory argues that social, economic and environmental changes that were associated with the transition from …
Persistent link: https://www.econbiz.de/10005125645