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This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic … growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …
Persistent link: https://www.econbiz.de/10005497992
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...
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resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … liberalizing migration would increase welfare more than three-fold and would significantly affect the evolution of particular …
Persistent link: https://www.econbiz.de/10011252617
High-skilled emigration has been found to affect developing economies via different channels. With a calibrated general equilibrium framework, this paper finds that the short-run impact of brain drain on resident human capital is extremely crucial, as it does not only determine the number of...
Persistent link: https://www.econbiz.de/10008468643
returns to human capital can be decisive in determining the outcome. The model provides a basis for distinguishing development …
Persistent link: https://www.econbiz.de/10005124062
comparative development. We also show that ethnic inequality goes in tandem with lower levels development within countries. Using …
Persistent link: https://www.econbiz.de/10011084675
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10005667122