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The great divergence : a network approach

Lindner, Ines; Strulik, Holger - 2015

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …

Persistent link: https://www.econbiz.de/10011397182

Population, population density, and technological change

Klasen, Stephan; Nestmann, Thorsten - 2004

In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...

Persistent link: https://www.econbiz.de/10011449334

Energy efficiency and directed technical change : implications for climate change mitigation

Casey, Gregory - 2022

I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on ﬁnal-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...

Persistent link: https://www.econbiz.de/10012817938

Public policies and long-run growth in a model with environmental degradation

Bonatti, Luigi; Lorenzetti, Lorenza Alexandra - 2022

We study how public policies affects an economy where production emits pollutants and investment in productive assets raises the economy’s overall productivity. We explore two hypotheses about how the accumulation of pollutants affects human well-being. Under the first one, there is no limit...

Persistent link: https://www.econbiz.de/10012803772

Investment in productivity and the long-run effect of financial crises in output

Ridder, Maarten de - 2016

This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...

Persistent link: https://www.econbiz.de/10011573282

Climate change expectations and endogenous economic growth in the DICE model

Ciesielski, Anna - 2019

This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...

Persistent link: https://www.econbiz.de/10012038982

Credit booms, debt overhang and secular stagnation

Illing, Gerhard; Ono, Yoshiyasu; Schlegl, Matthias - 2017

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in which we incorporate financial imperfections to study...

Persistent link: https://www.econbiz.de/10011774952

How resilient was trade to Covid-19?

Bas, Maria; Fernandes, Ana; Paunov, Caroline - 2022

per capita) mediated by product vulnerabilities. We account for the precise lag between when the COVID-19 shock hit the … a lower degree of complexity negatively affected exports as a result of this shock. …

Persistent link: https://www.econbiz.de/10013167964

Under attack : terrorism and international trade in France, 2014-16

Nitsch, Volker; Rabaud, Isabelle - 2021

Terrorist events typically vary along many dimensions, making it difficult to identify their economic effects. This paper analyzes the impact of terrorism on international trade by examining a series of three large-scale terrorist incidents in France over the period from January 2015 to July...

Persistent link: https://www.econbiz.de/10012533940

Fifty years of peril : a comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970-2019)

Wilson, Timothy; Noy, Ilan - 2022

We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...

Persistent link: https://www.econbiz.de/10013337593

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