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The examination of U.S. crises reveals that the current financial crisis follows past patterns. An investment bubble creates excess demand for new financing instruments. During the railroad bubbles of the nineteenth century loans were issued at a pace higher than many companies could pay back....
Persistent link: https://www.econbiz.de/10013139545
economic growth without significant first steps in industrial development and supporting institutions. The finance-growth …
Persistent link: https://www.econbiz.de/10013115830
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …
Persistent link: https://www.econbiz.de/10010284035
economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader … independent. The oft-reported significant cross-country relationships of many variables to economic growth may merely demonstrate … section ; time series ; economic growth ; life expectancy ; diffusion …
Persistent link: https://www.econbiz.de/10009730828
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …
Persistent link: https://www.econbiz.de/10010529424
Persistent link: https://www.econbiz.de/10013488738
contribution to growth. Estimates of the long-run numeracy development of most countries in Asia, the Middle East, Africa, America … numeracy as measured by the age-heaping strategy for long-run economic growth. In a variety of specifications, numeracy … mattered quite strongly for growth patterns around the globe. …
Persistent link: https://www.econbiz.de/10010264304
asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …
Persistent link: https://www.econbiz.de/10010318876
Persistent link: https://www.econbiz.de/10012296507
Family reconstitution data: a cliometric view -- History of cliometrics -- Growth theories -- Cliometric approaches to …
Persistent link: https://www.econbiz.de/10014535169