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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
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This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10009665630
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10008906821
Persistent link: https://www.econbiz.de/10008934951
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10014210334
This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can …
Persistent link: https://www.econbiz.de/10003817154
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10014163873
standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …
Persistent link: https://www.econbiz.de/10012204880
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