Showing 381 - 389 of 389
This paper proposes a theory for the gradual evolution of knowl-edge diffusion and growth over the very long run. A feedback mechanismbetween capital accumulation and the ease of knowledge diffusion explains along epoch of (quasi-) stasis and an epoch of high growth linked by a grad-ual economic...
Persistent link: https://www.econbiz.de/10009302602
Conventional R&D-based growth theory suggests that productivitygrowth is positively correlated with population size or population growth,an implication which is hard to see in the data. Here we integrate R&D-basedgrowth into a unied growth setup with micro-founded fertility and...
Persistent link: https://www.econbiz.de/10009302604
enforcementdeteriorates and formal institutions are needed to keep entrepreneurs in check. Agradual take-o to perpetual growth is explained by …
Persistent link: https://www.econbiz.de/10009354078
We analyze the role of risk-sharing institutions in transitions to modern economies.Transitions requires individual …-level, idiosyncratic risk implies thatdistinct risk-sharing institutions – even those providing the same level of insurance – can leadto … model incorporating England’s andChina’s distinct pre-modern risk-sharing institutions. The model predicts a transition …
Persistent link: https://www.econbiz.de/10009360535
Across nine transition economies, it is the young, educated, English-speaking workers with the best access to local telecommunications infrastructures that work with computers. These workers earn about 25% more than do workers of comparable observable skills who do not use computers. Controlling...
Persistent link: https://www.econbiz.de/10009360844
This paper introduces endogenous longevity risk in an otherwisestandard overlapping generations model with capital. In the model, an agent mayincrease the length of her old age by incurring investments in her own health fundedfrom her wage income. Such private health investments are more...
Persistent link: https://www.econbiz.de/10009360886
gained considerable popularity. There is growing belief ininternational development and donor communities that this form of …
Persistent link: https://www.econbiz.de/10009418710
therise in the demand for human capital in the process of development was the main trigger forthe decline in fertility and the …
Persistent link: https://www.econbiz.de/10009486956
the development process. In early stages of industrialization, as physical capitalaccumulation was a prime engine of … to save is higher. Inlater stages of development, however, as human capital has become a main engine ofgrowth, equality …
Persistent link: https://www.econbiz.de/10009486957