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Culture, Entrepreneurship, and Growth
Doepke, Matthias - 2013
where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that …We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …
Persistent link: https://www.econbiz.de/10013080216
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Young, Restless and Creative : Openness to Disruption and Creative Innovations
Acemoglu, Daron - 2015
choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …
Persistent link: https://www.econbiz.de/10013034169
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Social Capital as Good Culture
Guiso, Luigi; Zingales, Luigi; Sapienza, Paola - 2021
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...
Persistent link: https://www.econbiz.de/10013310596
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A Theory of Growth and Volatility at the Aggregate and Firm Level
Comin, Diego; Mulani, Sunil - 2021
This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...
Persistent link: https://www.econbiz.de/10013224700
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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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Innovation, Growth, and Dynamic Gains from Trade
Hsu, Wen-Tai; Riezman, Raymond G.; Wang, Ping - 2022
trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …
Persistent link: https://www.econbiz.de/10013322981
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012
entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10013099537
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Parenting with Style : Altruism and Paternalism in Intergenerational Preference Transmission
Doepke, Matthias - 2014
We develop a theory of parent-child relations that rationalizes the choice between alternative parenting styles (as set out in Baumrind 1967). Parents maximize an objective function that combines Beckerian altruism and paternalism towards children. They can affect their children's choices via...
Persistent link: https://www.econbiz.de/10013052504
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Preference Formation and the Rise of Women'S Labor Force Participation : Evidence from Wwii
Fernández, Raquel; Fogli, Alessandra; Olivetti, Claudia - 2021
This paper presents intergenerational evidence in favor of the hypothesis that a significant factor explaining the increase in female labor force participation over time was the growing presence of men who grew up with a different family model--one in which their mother worked. We use...
Persistent link: https://www.econbiz.de/10013224435
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The Role of Entrepreneurial Human Capital as a Driver of Endogenous Economic Growth
Ehrlich, Isaac - 2017
ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the … Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses …
Persistent link: https://www.econbiz.de/10012948923