Showing 1 - 10 of 4,530
Conventional wisdom about the relationship between income distribution and economic development has been subjected to … for economic development, the Neoclassical paradigm, which had subsequently dominated the field of macroeconomics …
Persistent link: https://www.econbiz.de/10010284077
Empirical evidence suggests that money in the hands of mothers (as opposed to their husbands) benefits children. Does this observation imply that targeting transfers to women is good economic policy? We develop a series of noncooperative family bargaining models to understand what kind of...
Persistent link: https://www.econbiz.de/10010278429
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...
Persistent link: https://www.econbiz.de/10010278525
of land has been a hurdle for economic development. While industrialists have had an incentive to support education …Conventional wisdom about the relationship between income distribution and economic development has been subjected to … the development process. In early stages of industrialization, as physical capital accumulation was a prime engine of …
Persistent link: https://www.econbiz.de/10010282627
An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....
Persistent link: https://www.econbiz.de/10010286736
necessarily mean that giving money to women is a good development policy. We show that depending on the nature of the production …
Persistent link: https://www.econbiz.de/10010250142
Why has polygyny, marriage of a man to multiple women, common in most societies throughout history, almost disappeared in modern industrialized countries? Do women play a role in its disappearance? A simple theoretical model suggests that at the later stage of the transition from polygyny to...
Persistent link: https://www.econbiz.de/10010422242
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
Persistent link: https://www.econbiz.de/10011409169
and development against established incumbents raises productivity at the industry level and leads to a shift in the … production process in each industry. The paper argues that the degree of development as reflected in a demand share distribution … development process proceeds and investigates the consequences in terms of economic growth. …
Persistent link: https://www.econbiz.de/10011737893
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
Persistent link: https://www.econbiz.de/10011596867