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In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling …
Persistent link: https://www.econbiz.de/10014138697
We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...
Persistent link: https://www.econbiz.de/10011444883
We test the hypothesis of the circular causality between trade costs and degree of economic development using data on Italian provinces. Using different methods to control for multilateral resistance, we apply a gravity equation to estimate sectoral exports to 188 countries over the period...
Persistent link: https://www.econbiz.de/10013068752
across the EU regions. Thus, we show how Cultural Gravity exerts an important impact on the cohesion process in Europe. …
Persistent link: https://www.econbiz.de/10015393893
Persistent link: https://www.econbiz.de/10001439086
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Contrary to popular narratives, 'The Great Divergence Reconsidered' shows that Europe's rise to its current status as … seventeenth century, if not earlier. When compared to India and other parts of the Asiatic world, early modern Europe was … changes and made Europe's supremacy even more pronounced. Thus, an interplay of various factors best explains Europe's early …
Persistent link: https://www.econbiz.de/10010488337
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We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10011043182
The aim of this paper is to investigate the role of culture, viewed according to Throsby’s definition of cultural capital (that is, an asset of tangible and intangible cultural expressions), in fostering economic growth. Recent literature in the field of cultural economics highlights a...
Persistent link: https://www.econbiz.de/10005007205