Showing 1 - 10 of 37
asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …
Persistent link: https://www.econbiz.de/10010318876
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant … portion of these gains in less developed economies have been channeled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10010284056
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We …
Persistent link: https://www.econbiz.de/10010352168
This study investigates whether capital-skill complementarity is the explanation for skill-biased technical change. For this to be the case, capital-skill complementarity must exist in the first place and, secondly, all technical change must be embodied in nature, i.e. embedded in new capital...
Persistent link: https://www.econbiz.de/10010321550
unleashed -- Part II. The Growth Mechanism -- Chapter 4. Hardware and software -- Chapter 5. Mechanization, automation and the … labor market -- Chapter 6. Scale of operations -- Part III. The Great Leaps -- Chapter 7. Accelerating growth in the past … -- Chapter 8. Accelerating growth in the future -- Part IV. Lessons for the Digital Era -- Chapter 9. Side effects of growth …
Persistent link: https://www.econbiz.de/10013365070
This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the …
Persistent link: https://www.econbiz.de/10010318901
economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …
Persistent link: https://www.econbiz.de/10010284032
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …
Persistent link: https://www.econbiz.de/10010284035
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and … enforcement. Stronger IPR protection has a negative effect on growth and deteriorates the lag of the South, but the welfare …
Persistent link: https://www.econbiz.de/10010321457
the labor force. Using Solow growth and endogenous growth models, we show that the labor market alone need not contain all … equilibrium process as well. By implication, policies that raise the growth path of capital or increase the effective working …
Persistent link: https://www.econbiz.de/10010281026