Showing 1 - 10 of 117
-periods, and over the longer term with respect to the growth in the size of their economies. Most important, the comparison of an …
Persistent link: https://www.econbiz.de/10013222238
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long (since 1890) and medium (since 1980) runs. During the past century, the United States has overtaken the United Kingdom and become the leading world economy....
Persistent link: https://www.econbiz.de/10013149831
We construct and estimate an endogenous growth model with debt and equity financing frictions to understand the relation between business cycle fluctuations and long-term growth. The presence of spillover effects from R&D imply an endogenous relation between productivity growth and the state of...
Persistent link: https://www.econbiz.de/10013040420
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010267484
a positive relationship between an individual's potential payoffs in working and in entrepreneurship. If some firms … consequence, the entrepreneurship rate falls with income per capita, average firm size and firm size dispersion increase with … income per capita, and entrepreneurship out of necessity falls with income per capita. The paper also documents, for two of …
Persistent link: https://www.econbiz.de/10010274617
that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What … is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative … group'? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals' utility levels …
Persistent link: https://www.econbiz.de/10010277005
The purpose of this paper is to provide a contribution to the identification of the role of entrepreneurship in … economic growth by mapping out: 1) alternative ways of looking at entrepreneurship, distinguishing 'creative destruction' from … firm); and 4) the possible scope for an economic policy aimed at maximizing the impact of entrepreneurship on economic …
Persistent link: https://www.econbiz.de/10010282123
After adjusting for sample-selection bias, I find a net decline in average stature of 0.64 inches in the birth cohorts of 1832--1860 in the US. This result supports the veracity of the Antebellum Puzzle—a deterioration of health during early modern economic growth in the US. However, this...
Persistent link: https://www.econbiz.de/10012914715
analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on …
Persistent link: https://www.econbiz.de/10013105459
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 1⁄2 years. Five to six years...
Persistent link: https://www.econbiz.de/10013060679