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Evolution and the growth process : natural selection of entrepreneurial traits
Galor, Oded; Michalopulos, Stelios - 2012
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...
Persistent link: https://www.econbiz.de/10009530758
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On market forces and human evolution
Saint-Paul, Gilles - 2002
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...
Persistent link: https://www.econbiz.de/10011414433
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Initial luck, status-seeking and snowballs lead to corporate success and failure
Glazer, Amihai (contributor); Kanniainen, Vesa (contributor) - 2004
Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
Persistent link: https://www.econbiz.de/10002526021
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How Darwinian should an economy be?
Saint-Paul, Gilles - 2014
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10010440555
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Distributional effects of monetary policy in emerging market economies
Prasad, Eswar S.; Zhang, Boyang - 2015
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10011309046
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Globalization and innovation in emerging markets
Gorodnichenko, Yuriy (contributor);  … - 2008
into account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation … are important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on … innovation. There is partial support for the hypothesis that firms in a more pro-business environment invest more in innovation …
Persistent link: https://www.econbiz.de/10003652694
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Suppliers of multinationals and the forced linkage effect : evidence from firm level data
Godart, Olivier N.; Görg, Holger - 2013
Using information on more than 1000 firms in a number of emerging countries, we find quantitative evidence that suppliers of multinationals that are pressured by their customers to reduce production costs or develop new products have higher productivity growth than other firms, including other...
Persistent link: https://www.econbiz.de/10009697638
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Globalization, structural change and innovation in emerging economies : the impact on employment and skills
Vivarelli, Marco - 2018
- using different taxonomies put forward by the innovation literature - the concrete ways through which an emerging country … where domestic innovation has to be complemented by the role played by international technology transfer. In the second part … skills. In particular, the prescriptions by the conventional trade theory will be contrasted with a view taking into account …
Persistent link: https://www.econbiz.de/10011916217
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Selfish altruism, fierce cooperation and the emergence of cooperative equilibria from passing and shooting
Askitas, Nikos - 2014
There is continuing debate about what explains cooperation and self-sacrifice in nature and in particular in humans. This paper suggests a new way to think about this famous problem. I argue that, for an evolutionary biologist as well as a quantitative social scientist, the triangle of two...
Persistent link: https://www.econbiz.de/10010235846
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Left-handedness and economic development
Mariani, Fabio; Mercier, Marion; Pensieroso, Luca - 2021
subsequent recovery of left-handedness observed over the last few centuries in the Western world, we propose a theory in which …
Persistent link: https://www.econbiz.de/10012493880