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Catch-Up and Fall-Back Through Innovation and Imitation
Benhabib, Jess - 2012
frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …
Persistent link: https://www.econbiz.de/10013106293
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National central cities, technological innovation, and economic growth
Ma, Jinghao; Shang, Yujie; Liang, Zhenghan - In: Finance research letters 67 (2024) 2, pp. 1-7
Persistent link: https://www.econbiz.de/10015062487
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Is Poland the Next Spain?
Caselli, Francesco - 2012
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10013101075
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Creative Destruction in Industries
Jovanovic, Boyan - 2010
Most industries go through a quot;shakeoutquot; phase during which the number of producers in the industry declines. Industry output generally continues to rise, however, which implies a reallocation of capacity from exiting firms to incumbents and new entrants. Thus shakeouts seem to be classic...
Persistent link: https://www.econbiz.de/10012760646
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Structural Change, Fundamentals and Growth : A Framework and Case Studies
McMillan, Margaret - 2017
Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reductions in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...
Persistent link: https://www.econbiz.de/10012956929
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Agricultural Diversity, Structural Change and Long-Run Development : Evidence from the U.S
Fiszbein, Martin - 2017
This paper examines the role of agricultural diversity in the process of development. Using data from U.S. counties and exploiting climate-induced variation in agricultural production patterns, I show that mid-19th century agricultural diversity had positive long-run effects on population...
Persistent link: https://www.econbiz.de/10012962188
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External Integration, Structural Transformation and Economic Development : Evidence from Argentina 1870-1914
Fajgelbaum, Pablo D. - 2014
This paper uses the natural experiment of Argentina's integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...
Persistent link: https://www.econbiz.de/10013052521
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Innovation, Diffusion, and Trade
Eaton, Jonathan - 2012
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
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From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges
Wei, Shang-Jin - 2016
relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is … on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …
Persistent link: https://www.econbiz.de/10012978531
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764