Showing 1 - 10 of 261
country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It … generates a "Great Divergence", that is increasing world inequality after the take-off of the forerunners of the industrial …
Persistent link: https://www.econbiz.de/10010253459
country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It … generates a "Great Divergence", that is increasing world inequality after the take-off of the forerunners of the industrial …
Persistent link: https://www.econbiz.de/10010255056
Persistent link: https://www.econbiz.de/10010356152
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
Persistent link: https://www.econbiz.de/10010357676
This paper integrates a simple theory of identity choice into a framework of endogenous economic growth to explain how secularization can be both cause and consequence of economic development. A secular identity allows an individual to derive more pleasure from consumption than religious...
Persistent link: https://www.econbiz.de/10010492354
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development. …
Persistent link: https://www.econbiz.de/10011397182
This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and …. Structurally, the equilibrium of stagnation differs from balanced growth by the presence of relatively many small firms of low …
Persistent link: https://www.econbiz.de/10013114208
This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and …. Structurally, the equilibrium of stagnation differs from balanced growth by the presence of relatively many small firms of low …
Persistent link: https://www.econbiz.de/10013107902
Persistent link: https://www.econbiz.de/10011292530
In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the standard model of endogenous economic growth under different behavioral assumptions. The solution rationalizes why the empirical association between income and life satisfaction is...
Persistent link: https://www.econbiz.de/10009784194