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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/10012995608
We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....
Persistent link: https://www.econbiz.de/10013324863
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/10010319500
Persistent link: https://www.econbiz.de/10010291395