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Trade, Knowledge, and the Industrial Revolution
O'Rourke, Kevin H. - 2010
Technological change was unskilled-labor-biased during the early Industrial Revolution of the late eighteenth and early nineteenth centuries, but is skill-biased today. This fact is not embedded in extant unified growth models. We develop a model of the transition to sustained economic growth...
Persistent link: https://www.econbiz.de/10012760113
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Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run
Jones, Charles I. - 2021
This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...
Persistent link: https://www.econbiz.de/10013245308
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Growth, Technological Progress, and Trade
Helpman, Elhanan - 2021
Recent developments in the theory of economic growth and dynamic trade theory are reviewed and interpreted. These …
Persistent link: https://www.econbiz.de/10013217623
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New Goods, Old Theory, and the Welfare Costs of Trade Restrictions
Romer, Paul M. - 2021
The typical economic model implicitly assumes that the set of goods in an economy never changes. As a result, the predicted efficiency loss from a tariff is small, on the order of the square of the tariff rate. If we loosen this assumption and assume that international trade can bring new goods...
Persistent link: https://www.econbiz.de/10013244377
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Learning by Doing and the Dynamic Effects of International Trade
Young, Alwyn - 2022
Using an endogenous growth model in which learning by doing, although bounded in each good, exhibits spillovers across goods, this paper investigates the dynamic effects of international trade. Examining an LDC and a DC, the latter distinguished by a higher initial level of knowledge, under...
Persistent link: https://www.econbiz.de/10013324471
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Intellectual Property Rights, Foreign Direct Investment, and Industrial Development
Branstetter, Lee - 2014
This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of imitation, which, in turn, increases the flow of...
Persistent link: https://www.econbiz.de/10013070725
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Occupational Choice and the Spirit of Capitalism
Doepke, Matthias - 2007
with disdain for work. We propose an economic theory of preference formation where both the divergence of attitudes across … social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their …, which are rooted in the nature of pre-industrial professions, become key determinants of success once industrialization …
Persistent link: https://www.econbiz.de/10012777611
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Foreign Direct Investment as a Catalyst for Industrial Development
Markusen, James R. - 2010
How does an FDI project affect local firms in the same industry? Competition in thequot; product and factor markets tends to reduce profits of local firms, but linkage effects to supplierquot; industries may reduce input costs and raise profits. This paper develops an analytical frameworkquot;...
Persistent link: https://www.econbiz.de/10012763642
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Human Capital and Industrialization : Evidence from the Age of Enlightenment
Squicciarini, Mara - 2014
after the onset of French industrialization. Alternative measures of development such as soldier height, disposable income …
Persistent link: https://www.econbiz.de/10013052500
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Externalities and Industrial Development
Henderson, J. Vernon - 2021
Using a panel data set of county-level employment in machinery, electrical machinery, primary metals, transportation, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined include the role of externalities from own industry...
Persistent link: https://www.econbiz.de/10013224847