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The neoclassical models of economics seem to have eluded the concept of physical limits to growth by assuming that the market and the technological advances evoked by it will make it possible to tap new resources and create substitution of production factors. They have also rarely addressed...
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Einführung: Ganzheitliche Wachstumstheorie -- Die Epoche wirtschaftlicher Stagnation -- Das Stagnationsregime -- Eine … klassische Wachstumstheorie wirtschaftlicher Stagnation.-Die Epoche wirtschaftlicher Entwicklung -- Das Entwicklungsregime … -- Klassische Wachstumstheorie wirtschaftlicher Entwicklung -- Evaluation des klassischen ganzheitlichen Wachstumsmodells -- Eine …
Persistent link: https://www.econbiz.de/10012403278
The evaluation of economic development level is commonly measured by the growth rate of GDP. However, this single-dimensional measurement may cause potential issue to investigate sustainable economic development and growth model. An alternative framework is introduced to economic development...
Persistent link: https://www.econbiz.de/10012619679
Overview -- Overlapping-Generations Model of Economic Growth -- Fiscal Policy -- Schooling and Fertility -- A Complete One-Sector Neoclassical Growth Model -- Two Sector Growth Models -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual Economy --...
Persistent link: https://www.econbiz.de/10015056779
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
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This paper studies the interplay between left-handedness and economic development. To explain the decline and subsequent recovery of left-handedness observed over the last few centuries in the Western world, we propose a theory in which economic development influences the prevalence of...
Persistent link: https://www.econbiz.de/10012493880