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classical growth theory has with the early development theory, as Young’s externalities-fuelled, cumulative growth process …
Persistent link: https://www.econbiz.de/10010279213
This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the...
Persistent link: https://www.econbiz.de/10011990204
In spite of two centuries of extensive debate, a consistent framework of the classical theory of population on which economists can universally agree has not been established. This means that either the theory lacks consistency or it has been misunderstood in important ways. This paper attempts...
Persistent link: https://www.econbiz.de/10011819606
Over the past two decades, there have been numerous attempts in economic theory to model the historical regime of a Malthusian trap as well as the transition to growth in one coherent framework, or in other words, a unified growth theory. However, in most of these models, an important effect...
Persistent link: https://www.econbiz.de/10011819607
This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for the consideration of the importance of non-price...
Persistent link: https://www.econbiz.de/10010443328
This paper presents an overview of the literature on 'cumulative growth'. It is argued that, independently of the 'new' growth theory, these models have achieved the nature of 'endogenous' growth models. Their main differences, however, lie in the assumptions about the equilibrium prevailing in...
Persistent link: https://www.econbiz.de/10010443335
In seiner Dissertation "The Impact of the Socio-Cultural Structures of the Kambata/Ethiopia on their Economic Development. An interdisciplinary and cultures comparing approach to discuss the issue of economic developement" beschäftigte sich Herr Gebrewold mit der Frage nach den sozialen und...
Persistent link: https://www.econbiz.de/10013480245
This edited collection proposes a common good approach to development theory and practice. Rather than focusing on the outcomes or conditions of development, the contributors concentrate on the quality of development processes, suggesting that a common good dynamic is key in order to trigger...
Persistent link: https://www.econbiz.de/10014458118
Optimum Currency Area (OCA) approaches turn to be inadequate in the analysis of the new regional monetary integration schemes that have sprung up among developing and emerging market economies. Instead, in accordance with the concept of 'original sin' (Eichengreen et al.) we argue that regional...
Persistent link: https://www.econbiz.de/10010293516
Arthur Lewis' seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes or Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus...
Persistent link: https://www.econbiz.de/10010369124