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Clans, guilds, and markets : apprenticeship institutions and growth in the pre-industrial economy
De la Croix, David; Doepke, Matthias; Mokyr, Joel - 2016
the creation and dissemination of productive knowledge help explain the European advantage. We build a model of … technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. The young … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans. …
Persistent link: https://www.econbiz.de/10011455581
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Culture, entrepreneurship, and growth
Doepke, Matthias; Zilibotti, Fabrizio - 2013
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10009757305