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Persistent link: https://www.econbiz.de/10005753148
question in detail. We will show that economic growth is higher in the presence of business cycles, since people devote more …
Persistent link: https://www.econbiz.de/10005371002
Persistent link: https://www.econbiz.de/10010863075
Empirical evidence has recently pointed to the lack of any relationship between R&D intensity (variously defined and measured) and economic growth in the post-war period in the United States and other OECD countries. Using a framework that integrates human capital accumulation and purposive...
Persistent link: https://www.econbiz.de/10005650483
In existing studies, no consensus has been reached on the relationship between natural resource dependence and human capital accumulation. To narrow the divergence, this paper carries out a normative research to explain the co-existence of the phenomena of the resource curse and the resource...
Persistent link: https://www.econbiz.de/10011076958
This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …
Persistent link: https://www.econbiz.de/10005407691
Persistent link: https://www.econbiz.de/10005598128
This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …
Persistent link: https://www.econbiz.de/10010573992
Peled, D. (1999) Endogenous Cycles and Growth with Indivisible Technological Developments. Review of Economics Dynamics, 2 … wave dynamic within each cycle. The cycles are characterized by certain co-movements in consumption, R&D investment …, capital accumulation and output. Consideration of the innovation diffusion process highlights new aspects of endogenous cycles …
Persistent link: https://www.econbiz.de/10005633573
Many factors have shaped the current pattern of growth and equity in the People's Republic of China (PRC). Among them are the foundations laid before 1978, especially in respect of land-related institutions and social sector investments. These successfully complemented the PRC's subsequent...
Persistent link: https://www.econbiz.de/10010563952