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Trevor Swan And The Neoclassical Growth Model
Spencer, Barbara; Dimand, Robert W. - National Bureau of Economic Research (NBER) - 2008
Trevor Swan independently developed the neoclassical growth model. Swan (1956) was published ten months later than Solow (1956), but included a more complete analysis of technical progress, which Solow treated separately in Solow (1957). Reference is sometimes made to the "Solow-Swan growth...
Persistent link: https://www.econbiz.de/10005828782
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Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth
McCord, Gordon C.; Sachs, Jeffrey D. - National Bureau of Economic Research (NBER) - 2013
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize that economic development is a complex process driven by economic, political, social, and biophysical forces. Some economists have argued that the patterns reflect mainly the...
Persistent link: https://www.econbiz.de/10010950899
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The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
Caselli, Francesco; Ciccone, Antonio - National Bureau of Economic Research (NBER) - 2011
How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a non-parametric upper bound on the increase in output that can be generated by more schooling. The advantage of our...
Persistent link: https://www.econbiz.de/10009652860
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Exports and Manufacturing Productivity in East Asia: A Comparative Analysis with Firm-Level Data
Hallward-Driemeier, Mary; Iarossi, Giuseppe; Sokoloff, … - National Bureau of Economic Research (NBER) - 2002
This paper uses new firm level data from five East Asian countries to explore the patterns of manufacturing productivity across the region. One of the striking patterns that emerges is how the extent of openness and the competitiveness of markets affects the relative productivity of firms across...
Persistent link: https://www.econbiz.de/10005710443
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Accounting for Cross-Country Income Differences
Caselli, Francesco - National Bureau of Economic Research (NBER) - 2004
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...
Persistent link: https://www.econbiz.de/10005050273
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The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital
Jones, Charles I.; Romer, Paul Michael - National Bureau of Economic Research (NBER) - 2009
In 1961, Nicholas Kaldor used his list of six "stylized" facts both to summarize the patterns that economists had discovered in national income accounts and to shape the growth models that they were developing to explain them. Redoing this exercise today, nearly fifty years later, shows how much...
Persistent link: https://www.econbiz.de/10005055442
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Compulsory Licensing - Evidence from the Trading with the Enemy Act
Moser, Petra; Voena, Alessandra - National Bureau of Economic Research (NBER) - 2009
Compulsory licensing allows firms in developing countries to produce foreign-owned inventions without the consent of foreign patent owners. This paper uses an exogenous event of compulsory licensing after World War I under the Trading with the Enemy Act to examine the long run effects of...
Persistent link: https://www.econbiz.de/10008624571
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African Export Successes: Surprises, Stylized Facts, and Explanations
Easterly, William; Reshef, Ariell - National Bureau of Economic Research (NBER) - 2010
We establish the following stylized facts: (1) Exports are characterized by Big Hits, (2) the Big Hits change from one period to the next, and (3) these changes are not explained by global factors like global commodity prices. These conclusions are robust to excluding extractable products (oil...
Persistent link: https://www.econbiz.de/10008765616
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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy; Roland, Gérard - National Bureau of Economic Research (NBER) - 2010
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10008646470
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Zvi Griliches' Contribution to the Theory of Human Capital
Gronau, Reuben - National Bureau of Economic Research (NBER) - 2003
The paper discusses Zvi Griliches' contribution to the estimation of the earning function. The topic was the central theme of Griliches' research agenda during the 70s. Griliches played a major role in the ability- schooling controversy of the time. He was instrumental in repelling the attack of...
Persistent link: https://www.econbiz.de/10005722990