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(Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … stagnation differs from balanced growth by the presence of relatively many small firms of low productivity. …
Persistent link: https://www.econbiz.de/10011255851
future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve …
Persistent link: https://www.econbiz.de/10011257314
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011255487
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011255579
, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth … studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all …
Persistent link: https://www.econbiz.de/10011257287
, as well as the use of distributional approxima-tions. For non-separable inequality measures we derive specific formulas …, at a more convincing intra-country level, the many recent models relating welfare distributions to growth and a variety …
Persistent link: https://www.econbiz.de/10011257123
This discussion paper resulted in a publication in the <A href="http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00103">'Review of Economics and Statistics'</A>, 2010, 93(3), 982-994.<P> We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order correction term is obtained from studying the estimator of the...</p></a>
Persistent link: https://www.econbiz.de/10011255709
This paper provides arguments in favor of using subjective questions as a proxy to measure welfare and well-being. This approach makes it possible to avoid having to define welfare and well-being means and having to identify the relevant indicators. Instead, individuals themselves define their...
Persistent link: https://www.econbiz.de/10011256963
Some 2000 years ago, the average annual distance a person would normally travel, was approximately 500 km. The action radius of most people remained rather stable, but it rose gradually after the industrial revolution to some 1820 km (by car, bus, railway or aircraft) in the year 1960. Then, a...
Persistent link: https://www.econbiz.de/10011256031
See the article in <I>Computers Environment and Urban Systems</I> (2013). Volume 38, pages 67-77.<P> This paper aims to provide a new methodological and empirical contribution to the rising literature on the relative performance and benchmarking of large cities in a competitive world. On the basis of a...</p></i>
Persistent link: https://www.econbiz.de/10011256171