The Welsh economy has undergone rapid structural change in recent years.This paper uses data from the New Earnings Survey to examine how earnings in Waleschanged relative to those of Great Britain between 1975 and 1994. There are five mainfindings. First, earnings of workers in Wales have...

We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the post-war shock. We show that this shock and its consequences were more important than...

This study provides a unied growth theory to correctly predictthe initially negative and subsequently positive relationship between child mortalityand net reproduction observed in industrialized countries over the courseof their demographic transitions. The model captures the intricate...

Die Höhenkliniken in Davos sind als Artefakte aus einer Kurgeschichte hervorgegangen, welche im Jahre 1853 begonnen hat. Damals hat Alexander Spengler, welcher 1848 nach der badischen Revolution von Deutschland nach Davos geflohen ist, sehr bald die gesunde Wirkung des Davoser Klimas erkannt....

The aim of this paper is to account for both the short-run uctuations and thevery-long run transformations induced by technological change in analysing long-rungrowth patterns. The paper investigates the possible imprint left by short-run uctuationson the long run dynamics by aecting the...

The emergence of new economic activities is the driving force of economic development. The development of such activities is often ‘lumpy’, manifesting itself in rapid growth of particular regions or sectors. Recognition of these facts requires a reorientation of the analytical frameworks...