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industrialization and, thereby, their take-off to a state of sustained economic growth. The theory contributes to the understanding of … innovation and their ability in fostering industrialization, the proposed theory suggests that the desirable degree of the …
Persistent link: https://www.econbiz.de/10010318954
industrialization and, thereby, their take-off to a state of sustained economic growth. The theory contributes to the understanding of … innovation and their ability in fostering industrialization, the proposed theory suggests that the desirable degree of the …
Persistent link: https://www.econbiz.de/10014051236
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas the efficiency of one alternative energy source is limited. With capital and energy as complements, there exist two steady states: one stagnant where energy is fully derived...
Persistent link: https://www.econbiz.de/10010529424
show that industrialization no longer depends on market size, but on the degree of spatial competition between the guilds …' jurisdictions. We substantiate the relevance of our theory for the timing of industrialization in England and China (i) by providing … industrialization in both countries. The theory can therefore account for both the Industrial Revolution and the Great Divergence …
Persistent link: https://www.econbiz.de/10012961751
This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...
Persistent link: https://www.econbiz.de/10012940315
since transition to agriculture and state age, as well as subsequent state history. Our estimated unconditional correlation … implies that a 1000 year earlier transition to agriculture is associated with a 470 years earlier emergence of state …
Persistent link: https://www.econbiz.de/10010401714
since transition to agriculture and state age, as well as subsequent state history. Our estimated unconditional correlation … implies that a 1000 year earlier transition to agriculture is associated with a 470 years earlier emergence of state …
Persistent link: https://www.econbiz.de/10013051134
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas the efficiency of one alternative energy source is limited. With capital and energy as complements, there exist two steady states: one stagnant where energy is fully derived...
Persistent link: https://www.econbiz.de/10013018827
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012205933
This paper studies the impact of inequality in capital and land distribution on the pace of industrialization, thereby … of industrialization. The distribution of wealth affects the incentives of agents to invest in political conflict, and … intensity observed throughout the industrialization phase. We present several historical narratives that support these results …
Persistent link: https://www.econbiz.de/10013001131