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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - Institute for the Study of Labor (IZA) - 2012
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...
Persistent link: https://www.econbiz.de/10009646338
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Population Growth and Multiple Equilibria: Inferences from a Modified Ramsey Model
Lehmijoki, Ulla - Institute for the Study of Labor (IZA) - 2011
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10008836671
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Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia
Schultz, T. Paul - Institute for the Study of Labor (IZA) - 2005
Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The association between the age composition of a nation’s population and its savings rate, observed within 16 Asian countries from 1952 to 1992, is reestimated here to be less...
Persistent link: https://www.econbiz.de/10005566666
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Human Capital, Mortality and Fertility: A Unified Theory of the Economic and Demographic Transition
Sunde, Uwe; Cervellati, Matteo - Institute for the Study of Labor (IZA) - 2007
This paper provides a unified theory of the economic and demographic transition. Individuals make optimal decisions …
Persistent link: https://www.econbiz.de/10005763470
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Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
de-industrialization (Brazil, Russia and South Africa). China is the only country where an expanding manufacturing sector …
Persistent link: https://www.econbiz.de/10010884080
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Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations
Ashraf, Quamrul; Galor, Oded - Institute for the Study of Labor (IZA) - 2012
new technological paradigm, which delayed their industrialization and, hence, their take-off to a state of sustained … economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of … development. Consistently with the theory, the empirical analysis establishes that (i) geographical isolation prevalent in pre …
Persistent link: https://www.econbiz.de/10009646291
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Life Expectancy and Economic Growth: The Role of the Demographic Transition
Cervellati, Matteo; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2009
the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …
Persistent link: https://www.econbiz.de/10004999937
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Gary Becker on the Quantity and Quality of Children
Doepke, Matthias - Institute for the Study of Labor (IZA) - 2014
the quantity-quality tradeoff to later work linking the economics of fertility to the theory of economic growth. …
Persistent link: https://www.econbiz.de/10011074819
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Skills and Youth Entrepreneurship in Africa: Analysis with Evidence from Swaziland
Brixiova, Zuzana; Ncube, Mthuli; Bicaba, Zorobabel - Institute for the Study of Labor (IZA) - 2014
The shortages of entrepreneurial skills have lowered search effectiveness of potential young entrepreneurs and the rate of youth start-ups. Our paper contributes to closing a gap in the entrepreneurship and development literature with a model of costly firm creation and skill differences between...
Persistent link: https://www.econbiz.de/10010959710
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Youth Employment in Africa: New Evidence and Policies from Swaziland
Brixiova, Zuzana; Kangoye, Thierry - Institute for the Study of Labor (IZA) - 2013
Drawing on the 2007 and 2010 Swaziland Labor Force Surveys, this paper provides first systematic evidence on recent youth employment challenges in Swaziland, a small, land-locked, middle-income country with one of the highest youth unemployment rates in Africa. The paper first documents the...
Persistent link: https://www.econbiz.de/10011163465