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Human development, in combination with technology, yields economic growth which, in turn, is necessary to generate …. Secondly, the paper tries to investigate what affects technology change, as represented by TFP. We examine the influence of … openness, FDI, patents and R&D in a 22 country sample and also contrast Asian and Latin American experience. -- Technology …
Persistent link: https://www.econbiz.de/10009355741
Just as equality of opportunity becomes an increasingly prominent concept in normative economics, the authors argue that it is also a relevant concept for positive models of the links between distribution and aggregate efficiency. Persuasive microeconomic evidence suggests that inequalities in...
Persistent link: https://www.econbiz.de/10014060088
at the technology frontier through a simple process of technological transfers, we are able to show that education … quality not only speeds up the process of technology diffusion but it also helps account for 45-53 per cent of differences in … labor productivity. As we argue, failure to control for the gap in technology levels between the leader and the follower …
Persistent link: https://www.econbiz.de/10013033448
The paper analyses a two-sector model of endogenous growth with two common features of economic development: stages of sustained growth and underdevelopment traps. The model also demonstrates the transitional issues of a temporary underdevelopment trap, seemingly sustainable growth, and a...
Persistent link: https://www.econbiz.de/10014199012
This paper develops a model of unified growth based on a positive feed back between growth and longevity. The model explains the historical development of industrialized countries as well as why tropical countries did not follow the same path. It also gives a mechanism for conditional...
Persistent link: https://www.econbiz.de/10014224970
of information and communication technology seems to have had a substantial impact on the performance of the United … infrastructure, like education and skills, in order to reap the benefits from ICT investment. Technology by itself is not a solution …
Persistent link: https://www.econbiz.de/10010279209
This paper examines how relative factor endowments and population growth rates affect growth rates in less developed countries. To answer these questions an extension of the Uzawa-Lucas endogenous growth model is used. The paper proves the existence and uniqueness and of the modified model and...
Persistent link: https://www.econbiz.de/10014029131
In most poor countries, large majorities of the population live in rural areas and earn their livelihoods primarily from agriculture. Many rural people in the developing world are poor, and conversely, most of the world's poor people inhabit rural areas. Agriculture also accounts for a...
Persistent link: https://www.econbiz.de/10014024046
Persistent link: https://www.econbiz.de/10003398998
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273