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evolutionary advantage to entrepreneurial, growth promoting traits and their increased representation accelerated the pace of … technological advancements and the process of economic development. Natural selection therefore had magnified growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contribution to the convergence of the …
Persistent link: https://www.econbiz.de/10010318965
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
medical technology-is responsible for the majority of growth in medical expenditure. And yet, the principle means of …
Persistent link: https://www.econbiz.de/10010288080
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
Persistent link: https://www.econbiz.de/10011807633
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
main drivers of exponential growth in economic possibilities; second, a gradual general rebalancing of life choices away …
Persistent link: https://www.econbiz.de/10014474505
model, the state-wide total factor productivity growth (TFPG) indices of US commercial banks for each state for the 1971 …-1995 period. We observe that the productivity growth of commercial banks in state i depends strongly, positively, and … contemporaneously on the productivity growth of commercial banks located in state i's contiguous states. Further, regulatory space …
Persistent link: https://www.econbiz.de/10010273644
aggregate productivity growth. We focus our attention on foreign firms and small firms for three reasons. First, industrial …-digit level industries for the 1983-2001 period. We decompose productivity growth into its components (structural change …
Persistent link: https://www.econbiz.de/10010273684