Showing 1 - 10 of 37
This paper examines the association between episodes of large fiscal impulses (expansions and adjustments) and sustainable development indicators (prosperity, resilience, and inclusivity). We provide country studies of Chile, Poland, South Africa, and Thailand, examining the components of...
Persistent link: https://www.econbiz.de/10012796061
data on 38 countries from 1963-2000, there is clear convergence in the consumption of wine relative to beer between 1963 … and 2000. Convergence occurs even more quickly within groups of countries that have a higher degree of integration. A key … converging, several Latin American countries fail to converge. The patterns of convergence are consistent with dynamics of …
Persistent link: https://www.econbiz.de/10011520443
Persistent link: https://www.econbiz.de/10000957656
We develop a macroeconomic theory of the division of household tasks between servants and own work and how it is affected by automation in households and firms. We calibrate the model for the U.S. and apply it to explain the historical development of household time use and the distribution of...
Persistent link: https://www.econbiz.de/10012820860
Persistent link: https://www.econbiz.de/10009723606
We set up a unified growth model with gender-specific differences in tastes for consumption, fertility, education of daughters and sons, and consider the intra-household bargaining power of spouses. In line with the empirical regularity for less developed countries, we assume that mothers desire...
Persistent link: https://www.econbiz.de/10010408491
Unified growth theory predicts that the timing of the fertility transition is a key determinant of contemporary comparative development, as it marks the onset of the take-off to sustained growth. Neoclassical growth theory presupposes a take-off, and explains comparative development by...
Persistent link: https://www.econbiz.de/10008906820
This article investigates economic performance when enforceable property rights are missing and basic needs matter for consumption. It suggests a new view of the so-called voracity effect according to which windfall gains in productivity induce behavior that leads to lower economic growth....
Persistent link: https://www.econbiz.de/10009012700
This study provides a unified growth theory to correctly predict the initially negative and subsequently positive relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic transitions. The model captures the intricate...
Persistent link: https://www.econbiz.de/10003791320
This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodesʺ from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10003855051