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This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge-nerate economic growth via spillovers of knowledge. But the...
Persistent link: https://www.econbiz.de/10010271771
The shale gas revolution has fundamentally transformed energy markets domestically and abroad. Rising production has led to falling gas and oil prices in the U.S., while Europe, in contrast, is paying four to five times more for its natural gas and becoming one of the biggest importers of U.S....
Persistent link: https://www.econbiz.de/10012898252
Unskilled labor is the abundant resource in many developing countries, especially at an early stage of their development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion of an institutional or bargaining wage not based on...
Persistent link: https://www.econbiz.de/10009615061
.S. cities and metropolitan areas. We focus our analysis on the new cities that were created during the period of analysis. The … experienced by these new-born cities. Our results enable us to confirm that, when cities appear, they grow very rapidly and, as … of the growth differential is driven by the cities' first decade of existence. This is consistent with the theoretical …
Persistent link: https://www.econbiz.de/10011685285
Persistent link: https://www.econbiz.de/10012209859
to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology …
Persistent link: https://www.econbiz.de/10010272384
growth and trade. Although natural resources might play an important role in each of these fields, research on industries …
Persistent link: https://www.econbiz.de/10009578223
search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … and trade lead to a pattern of specialization where large scale regions have a comparative advantage in producing …
Persistent link: https://www.econbiz.de/10010325015
Persistent link: https://www.econbiz.de/10012249965
In light of the United Nations' (UN) latest urbanization projections, par- ticularly with respect to India and the People's Republic of China, a good understanding is needed of what drives aggregate urbanization trends. Yet, previous literature has largely neglected the issue in favor of...
Persistent link: https://www.econbiz.de/10009781149