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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
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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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What does human capital do? : a review of Goldin and Katz’s The Race between Education and Technology
Acemoglu, Daron; Autor, David H. - 2012
Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified …
Persistent link: https://www.econbiz.de/10009488819
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Distance to the Pre-industrial Technological Frontier and Economic Development
Özak, Ömer - 2018
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
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Schumpeterian Entrepreneurs Meet Engel's Law : The Impact of Inequality on Innovation-Driven Growth
Zweimüller, Josef - 2000
This paper analyzes the impact of inequality on growth when technical progress is driven by innovations. It is assumed that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate. Whether more inequality is harmful or beneficial for...
Persistent link: https://www.econbiz.de/10014215329
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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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Sources for Economic Development in the Industrialized World : 19th & 20th Century Technology & Science
Levy, Brandon - 2013
Science and technology have in-fact been the driving force behind the economic improvement of the developed world …. Advances in science and technology have provided the knowledge to significantly reduce poverty while simultaneously improving … science and technology are critical components for both sustained economic development as well as poverty alleviation. This …
Persistent link: https://www.econbiz.de/10014158106
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Innovation and Growth : How Business Contributes to Society
Ahlstrom, David - 2015
Milton Friedman once argued that profits are the chief purpose of business. Profits do matter, but today we know more about how business contributes to society. Good firms bring innovation to the marketplace, which facilitates their growth. Innovative, growing firms generate economic growth and...
Persistent link: https://www.econbiz.de/10013017621
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Impacto de las Patentes Sobre el Crecimiento Económico : Un Modelo Panel Cointegrado (Impact of Patents on Economic Growth: A Cointegrated Panel Data Model)
Campo Robledo, Jacobo Alberto - 2012
This article presents an empirical model of non-stationary and cointegrated panel data to explain the impact of industrial property, measured by patents, on the GDP of 10 Latin America countries during the period 1990 to 2010. Apply traditional unit root tests and unit root test of art, which...
Persistent link: https://www.econbiz.de/10013098990
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Financial development, globalization, and structural transformation in developing countries
Avoumatsodo, Komla - 2023
Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
Persistent link: https://www.econbiz.de/10014333588