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The Great Divergence Revisited : Industrialization, Inequality and Political Conflict in the Unified Growth Model
Veselov, Dmitriy - 2016
This paper studies the impact of inequality in capital and land distribution on the pace of industrialization, thereby explaining the role of wealth inequality in the Great Divergence phenomenon. We build a two-sector unified growth model, in which the outcome of public policy contest between...
Persistent link: https://www.econbiz.de/10013001131
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The Pillars of Potential Growth and the Role of Policy : A Panel Data Approach
Lanzafame, Matteo - 2016
, financial integration and the quality of institutions robustly affect potential output growth. Using Harrod's definition of … technology gap with the US and financial integration have statistically significant interaction effects on potential output … integration have lower impact on countries with high-quality institutions …
Persistent link: https://www.econbiz.de/10012986568
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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
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Cultural Assimilation, Cultural Diffusion and the Origin of the Wealth of Nations
Ashraf, Quamrul H.; Galor, Oded - 2007
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10014051236
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Economic growth in the age of ubiquitous threats : how global risks are reshaping growth theory
Gomes, Orlando - In: Economics : the open-access, open-assessment journal 18 (2024) 1, pp. 1-15
One of the most outstanding accomplishments of the economic science over the last decades is the development of a sound and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic increases in well-being are attainable whenever the right...
Persistent link: https://www.econbiz.de/10014495894
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Cultural assimilation, cultural diffusion and the origin of the wealth of nations
Ashraf, Quamrul; Galor, Oded - 2007
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10010318954
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Institutional Barriers and World Income Disparities
Wang, Ping - 2020
Why have the income disparities between fast-growing economies and development laggards widened over the past five decades? How important is the role played by institutional barriers with relation to technology adoption? Using cross-country analysis, we find that more-severe institutional...
Persistent link: https://www.econbiz.de/10012851830
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The nature of conflict
Arbath, Cemal Eren; Ashraf, Quamrul H.; Galor, Oded - 2015
the degree of fractionalization and polarization across ethnic, linguistic, and religious groups in the national …
Persistent link: https://www.econbiz.de/10011309623
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Stock markets, banks and long run economics growth : a panel cointegration-based analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz C. - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
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To what extent is the institutional environment responsible for worldwide differences in economic development
Próchniak, Mariusz - In: Contemporary economics 7 (2013) 3, pp. 17-38
This study aims to assess to what extent the institutional environment is responsible for worldwide differences in economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The analysis covers 153 countries and the period 1994-2009....
Persistent link: https://www.econbiz.de/10010228513