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Endogenous Growth and Global Divergence in a Multi-Country Agent-Based Model

Dosi, Giovanni - 2017

In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms....

Persistent link: https://www.econbiz.de/10012941571

Trade and Income Convergence : Sorting Out the Causality

Liu, Xuepeng - 2009

This paper studies the linkage between international trade and income convergence across countries. Different theories offer conflicting predictions regarding how they might affect each other. In the existing empirical literature estimating the trade impact on income convergence, a long-lasting...

Persistent link: https://www.econbiz.de/10012765297

Endogenous growth and global divergence in a multi-country agent-based model

Dosi, Giovanni; Roventini, Andrea; Russo, Emanuele - 2017

Persistent link: https://www.econbiz.de/10011763040

Nature, power, and growth

Thorvaldur Gylfason - 2001

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...

Persistent link: https://www.econbiz.de/10011397924

Nature, Power, and Growth

Gylfason, Thorvaldur - 2021

Persistent link: https://www.econbiz.de/10013321136

Creative Destruction and Development : Institutions, Crises, and Restructuring

Caballero, Ricardo J.; Hammour, Mohamad L. - 2003

There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....

Persistent link: https://www.econbiz.de/10014149651

Chapter 28. Economic Growth and the Environment: A Review of Theory and Empirics

Brock, William A.; Taylor, M. Scott - 2005

, history of improvement in living standards. These views are not necessarily inconsistent and growth theory offers us the tools …

Persistent link: https://www.econbiz.de/10014023759

Decentralization, social capital and regional convergence

Mauro, Luciano; Pigliaru, Francesco - 2013

By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...

Persistent link: https://www.econbiz.de/10009757366

A Unified Theory of the Evolution of International Income Levels

Parente, Stephen L. - 2008

This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen …-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory … accounts for the evolution of international income levels over the last millennium. The essence of this unified theory is that …

Persistent link: https://www.econbiz.de/10012770826

Chapter 21. A Unified Theory of the Evolution of International Income Levels

Parente, Stephen L.; Prescott, Edward C. - 2005

This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen …–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory … accounts for the evolution of international income levels over the last millennium. The essence of this unified theory is that …

Persistent link: https://www.econbiz.de/10014023766

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