Showing 1 - 10 of 13,242
sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … wage inequality, long-run divergence between the innovating North and the imitating South due to inappropriate technology …
Persistent link: https://www.econbiz.de/10012777881
This paper contributes to the empirical literature on the non-trivial relationship between financial development and economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development, balanced growth of both the industrial and financial...
Persistent link: https://www.econbiz.de/10013008316
demand: the complementarity between technology and skilled and unskilled labor. Our results identify parameters that are …
Persistent link: https://www.econbiz.de/10013321167
This paper constructs a model of growth based on Adam Smith's notions of specialization and extent of the market. We seek to explain the following stylized facts. 1) The share of household production in total output has fallen over time as the economy has grown. 2) Services as a percent of GDP...
Persistent link: https://www.econbiz.de/10013110580
Persistent link: https://www.econbiz.de/10014331106
Persistent link: https://www.econbiz.de/10003910475
Persistent link: https://www.econbiz.de/10013399083
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 economic theory of identity choice that explains both stylized facts as …
Persistent link: https://www.econbiz.de/10010357676
subsequent recovery of left-handedness observed over the last few centuries in the Western world, we propose a theory in which …
Persistent link: https://www.econbiz.de/10012493880