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Monopolies Life Cycle, Bureaucratization, and Schumpeterian Growth
Martimort, David; Verdier, Thierry - C.E.P.R. Discussion Papers - 2001
This Paper analyses the link between the internal organization of firms, their individual life cycle and the whole process of macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions...
Persistent link: https://www.econbiz.de/10005123542
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The Sources of Long-run Growth in Spain 1850-2000
Prados de la Escosura, Leandro; Rosés, Joan R. - C.E.P.R. Discussion Papers - 2007
Between 1850 and 2000, Spain’s real income increased by about 40-fold, at an average rate of 2.5 percent. The sources of this long-run growth are investigated using Jorgenson-type growth accounting analysis. We find that growth upsurges are closely related to increases in TFP. Spanish economic...
Persistent link: https://www.econbiz.de/10005124439
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Around the European Periphery 1870-1913: Globalization, Schooling and Growth
O'Rourke, Kevin Hjortshøj; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 1996
On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10005124320
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iPEHD – The ifo Prussian Economic History Database
Becker, Sascha O.; Cinnirella, Francesco; Hornung, Erik; … - C.E.P.R. Discussion Papers - 2012
This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database covering a rich collection of variables for 19th-century Prussia. The Royal Prussian Statistical Office collected these data in several censuses over the years 1816-1901, with much...
Persistent link: https://www.econbiz.de/10011083606
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The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe
Voigtländer, Nico; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2009
How did Europe overtake China? We construct a simple Malthusian model with two sectors, and use it to explain how European per capita incomes and urbanization rates surged ahead of Chinese ones. Productivity growth can only explain a small fraction of rising living standards. Population dynamics...
Persistent link: https://www.econbiz.de/10005792138
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The Rise and Fall of Spain (1270-1850)
Álvarez-Nogal, Carlos; Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2011
Two distinctive regimes are distinguished in Spain over half-a-millennium. A first one (1270s-1590s) corresponds to a high land-labour ratio frontier economy, pastoral, trade-oriented, and led by towns. Wages and food consumption were relatively high. Sustained per capita growth occurred from...
Persistent link: https://www.econbiz.de/10009001065
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Mismeasuring Long Run Growth. The Bias from Spliced National Accounts
Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2014
accounts and historical estimates are spliced. To allow for changes in relative prices, GDP benchmark years in national … accounts are periodically replaced with new and more recent ones. Thus, a homogeneous long-run GDP series requires linking … GDP levels and growth, particularly as an economy undergoes deep structural transformation. An inadequate splicing may …
Persistent link: https://www.econbiz.de/10011084295
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The Sources of Long-term Economic Growth for Turkey, 1880-2005
Altug, Sumru G.; Filiztekin, Alpay; Pamuk, Sevket - C.E.P.R. Discussion Papers - 2007
This paper considers the sources of long-term economic growth for Turkey over the period 1880-2005. The period in question covers the decline and eventual dissolution of the former Ottoman Empire and the emergence of the new Turkish Republic in 1923. Hence, the paper provides a unique look at...
Persistent link: https://www.econbiz.de/10005504216
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Quantifying Quantitative Literacy: Age Heaping and the History of Human Capital
A'Hearn, Brian; Baten, Jörg; Crayen, Dorothee - C.E.P.R. Discussion Papers - 2009
Age data frequently display excess frequencies at attractive numbers, such as multiples of five. We use this "age heaping" to measure cognitive ability in quantitative reasoning, or "numeracy". We construct a database of age heaping estimates with exceptional geographic and temporal coverage,...
Persistent link: https://www.econbiz.de/10005791567
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Social Attitudes and Economic Development: An Epidemiological Approach
Algan, Yann; Cahuc, Pierre - C.E.P.R. Discussion Papers - 2007
In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...
Persistent link: https://www.econbiz.de/10005124005