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Total factor productivity and the role of entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Adriaan R. - 2009 - Current version: May 2009
business owners per workforce) corrected for the level of economic development (GDP per capita). …
Persistent link: https://www.econbiz.de/10011378136
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From tradition to modernity : economic growth in a small world
Lindner, Ines; Strulik, Holger - 2012
Persistent link: https://www.econbiz.de/10009722670
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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2014
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...
Persistent link: https://www.econbiz.de/10010253459
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Innovation and inequality in a small world
Lindner, Ines; Strulik, Holger - 2017
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in the countries it exchanges knowledge with. The diffusion of...
Persistent link: https://www.econbiz.de/10011688459
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Goldilocks : American precious metals and the rise of the west
Chen, Yao; Palma, Nuno; Ward, Felix - 2022
We estimate the contribution of the American precious metal windfall to West Europe's growth performance in the early modern period. The exogenous nature of American money arrivals allows for identification of monetary effects. We find that more than half of West Europe's growth can be...
Persistent link: https://www.econbiz.de/10013375305
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Reconstruction of the Spanish money supply, 1492-1810
Chen, Yao; Palma, Nuno; Ward, Felix - 2021 - Revision: May 2021
How did the Spanish money supply evolve in the aftermath of the discovery of large amounts of precious metals in Spanish America? We synthesize the available data on the mining of precious metals and their international flow to estimate the money supply for Spain from 1492 to 1810. Our estimate...
Persistent link: https://www.econbiz.de/10012510792
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Abolishing GDP
Bergh, Jeroen C. J. M. van den - 2007
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and … public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and … on the most important criticisms of GDP as an indicator of social welfare and economic progress. It further examines the …
Persistent link: https://www.econbiz.de/10011372528
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Sectoral slowdowns in the UK : evidence from transmission probabilities and economic linkages
Janssens, Eva; Lumsdaine, Robin L. - 2021
This paper studies shock transmission across macroeconomic sectors in the UK, using data from the Bank of England's Flow of Funds statistics. We combine two different approaches to quantify the spread of shocks to assess whether sectors with large bilateral economic linkages as measured through...
Persistent link: https://www.econbiz.de/10012511453
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An epidemiological model of crisis spread across sectors in the United States
Janssens, Eva; Lumsdaine, Robin L.; Vermeulen, … - 2018
This paper develops a discrete-time epidemiological model for the spread of crises across sectors in the United States for the period 1952-2015. It is the first to use an epidemiological approach with macroeconomic (Flow of Funds) data. An extension of the usual one-period Markov model to a...
Persistent link: https://www.econbiz.de/10011794328
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The empirical economic growth literature
Florax, Raymond J. G. M.; Groot, Henri L. F. de; … - 2002
The empirical economic growth literature is criticized for its lack ofrobustness. For different definitions of robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are robust.' Were-analyze the empirical results of the economic...
Persistent link: https://www.econbiz.de/10011326970