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This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10011602763
economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … the "carrier" of development focusing on the systematic examination of the post-war reconstruction periods, and setup a … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …
Persistent link: https://www.econbiz.de/10003935473
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts imply that economies differ with respect to their growth rates on the transition path (local indeterminacy) as well as their long-run growth rates (global indeterminacy). While the...
Persistent link: https://www.econbiz.de/10014122878
also widened the gap between rural and urban areas. Vietnam‟s National Target Program on New Rural Development for 2010 … under the "Saemaul Undong" movement. The program's success at promoting sustainable development in Korea's rural areas has …'s rural development movement, aligning with the inclusivity principle "people know, people discuss, people do and people check". …
Persistent link: https://www.econbiz.de/10011764938
We build an endogenous growth model with consumer-generated data as a new key factor for knowledge accumulation. Consumers balance between providing data for profit and potential privacy infringement. Intermediate good producers use data to innovate and contribute to the final good production,...
Persistent link: https://www.econbiz.de/10012847466
It is widely accepted that environmental and demographic changes will significantly influence the future of our society. In recent years, an increasing number of studies has analyzed the interlinkages among economic growth, environmental factors and a specific demographic variable, namely life...
Persistent link: https://www.econbiz.de/10012815559
The article provides a broad-based overview on competing development strategies and the economic performance of … developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington … outward development with export-led growth, industrialisation or growth with predominant primary goods exports, foreign …
Persistent link: https://www.econbiz.de/10011300734
some stylized facts about the Asian development experiences and the theoretical and empirical background for our question … concerning the relationship of FDI and terms of trade in the development context. From here, we argue that South and East Asia … FDI. Different endowments in human capital provided a breeding ground for these differing development experiences. Our …
Persistent link: https://www.econbiz.de/10010241542
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152