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We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … 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 …
Persistent link: https://www.econbiz.de/10011397182
We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are … inequality after the take-off of the forerunners of the industrial revolution, followed by decreasing relative inequality …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011665033
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are … inequality after the take-off of the forerunners of the industrial revolution, followed by decreasing relative inequality …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011688459
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It …
Persistent link: https://www.econbiz.de/10010253459
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It …
Persistent link: https://www.econbiz.de/10010255056
standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …
Persistent link: https://www.econbiz.de/10012204880
, our theory predicts that faster economic growth promotes inequality. …We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … basic model) increasing unemployment. In contrast to Piketty's famous claim that faster economic growth reduces inequality …
Persistent link: https://www.econbiz.de/10011620638
contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with … machines. The model predicts that innovation-driven growth leads to increasing automation, an increasing skill premium, an …
Persistent link: https://www.econbiz.de/10011754634
We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers …-driven growth leads to an increasing population share of college graduates, increasing income and wealth inequality, and a declining … are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation …
Persistent link: https://www.econbiz.de/10012161735
Persistent link: https://www.econbiz.de/10012495179