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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
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
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
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three … individual beliefs, social norms and informal cultural organizations. -- institutions ; economic growth ; development …
Persistent link: https://www.econbiz.de/10009631449
The empirical literature on economic growth and development has moved from the study of proximate determinants to the … account the ancestral composition of current populations. The evidence suggests that economic development is affected by … economic development, biologically (via genetic or epigenetic transmission) and culturally (via behavioral or symbolic …
Persistent link: https://www.econbiz.de/10011083225
indisputably critical for production. Population growth plays a pivotal role in country's economic development trajectory. Most … development in Zimbabwe. The results of the model show that the impact of population growth on economic development is positive … also significantly affect economic development in Zimbabwe. The government is advised to put measures as to promote …
Persistent link: https://www.econbiz.de/10012952818
Persistent link: https://www.econbiz.de/10012648722
An endogenous growth model with a financial sector is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional change, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...
Persistent link: https://www.econbiz.de/10010506635
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
Persistent link: https://www.econbiz.de/10011880789
diversity and economic development depend substantially on coding errors and sample selection. We correct the coding errors and … hypothesis that variation in genetic diversity among subpopulations has a systematic relationship with economic development. …
Persistent link: https://www.econbiz.de/10011811324