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Cotton Textiles and the Great Divergence: Lancashire, India and Shifting Competitive Advantage, 1600-1850

Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005

The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the new cloths, patterns and designs became increasingly fashionable. However, high silver wages in Britain as a result of high productivity in other tradable goods and services,...

Persistent link: https://www.econbiz.de/10005662364

Schumpeterian Entrepreneurs Meet Engel's Law: The Impact of Inequality on Innovation-Driven Growth

Zweimüller, Josef - C.E.P.R. Discussion Papers - 1998

This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate. Whether more inequality is harmful or beneficial for...

Persistent link: https://www.econbiz.de/10005667010

Cultural Assimilation, Cultural Diffusion and the Origin of the Wealth of Nations

Ashraf, Quamrul; Galor, Oded - C.E.P.R. Discussion Papers - 2007

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...

Persistent link: https://www.econbiz.de/10005123872

Resistance to Technology Adoption: The Rise and Decline of Guilds

Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2013

technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market … size: for small markets, firm profits are insufficient to cover the fixed cost of adopting the new technology, and hence … productive technology diffuses throughout the economy. We show that this inverted-U relation between guilds and market size …

Persistent link: https://www.econbiz.de/10011083603

Innovation and Growth with Rich and Poor Consumers

Brunner, Johann K; Zweimüller, Josef - C.E.P.R. Discussion Papers - 1998

This paper studies the impact of income inequality on the level of innovative activity in a model where innovations result in quality improvements. The market for quality goods is characterized by a natural oligopoly with two types of consumers – rich and poor. In general, we find that for...

Persistent link: https://www.econbiz.de/10005656323

Taxation and the International Mobility of Inventors

Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - C.E.P.R. Discussion Papers - 2015

This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...

Persistent link: https://www.econbiz.de/10011272707

Machines as Engines of Growth

Zeira, Joseph - C.E.P.R. Discussion Papers - 2005

This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks. This enables the economy to experience long-run growth, as machines become servants of humans, and as their number can grow unboundedly. The mechanism that drives growth is...

Persistent link: https://www.econbiz.de/10005656232

Procuring Innovation

Cabral, Luís M B; Cozzi, Guido; Denicolò, Vincenzo; … - C.E.P.R. Discussion Papers - 2006

To stay on top of global competition, firms and governments often need to acquire innovative goods and services, including ideas and research, from their strategic suppliers. A careful design of procurement policy is crucial to make potential suppliers generate and sell the most suitable...

Persistent link: https://www.econbiz.de/10005791875

A Many-Country Model of Industrialization

Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011

We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...

Persistent link: https://www.econbiz.de/10009207519

The Demographic Transition and the Emergence of Sustained Economic Growth

Galor, Oded - C.E.P.R. Discussion Papers - 2004

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/10005662096

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