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This open access handbook, Ten Crises systematically traces the economic history of China from 1949 to 2020 …
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different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …
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-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …
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