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Cultural assimilation, cultural diffusion and the origin of the wealth of nations

Ashraf, Quamrul; Galor, Oded - 2007

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

Cultural Assimilation, Cultural Diffusion and the Origin of the Wealth of Nations

Ashraf, Quamrul H.; Galor, Oded - 2007

Persistent link: https://www.econbiz.de/10014051236

Fuel for economic growth?

Gars, Johan; Olovsson, Conny - 2015

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

Financial development, globalization, and structural transformation in developing countries

Avoumatsodo, Komla - 2023

dynamics of industrialization and deindustrialization in developing countries and their integration with earlier industrialized … economies. The findings suggest that financial development plays a crucial role in both accelerating industrialization and …

Persistent link: https://www.econbiz.de/10014333588

Social Interactions and Modern Economic Growth

Mejia, Javier - 2018

This paper offers a theoretical framework to understand the coevolution of social interactions and long-term economic growth. It begins by considering that most traditional societies did not have educational markets. Thus, access to the required knowledge for transiting to a modern economy had...

Persistent link: https://www.econbiz.de/10014111242

Chapter 12. Natural Experiments in Macroeconomics

Fuchs-Schündeln, N.; Hassan, T.A. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 923-1012). 2016

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...

Persistent link: https://www.econbiz.de/10014024286

The scientific revolution and its role in the transition to sustained economic growth

Lehmann-Hasemeyer, Sibylle H.; Prettner, Klaus; … - 2020

We propose a Unified Growth model that analyzes the role of the Scienti fic Revolution in the takeoff to sustained modern economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to rising...

Persistent link: https://www.econbiz.de/10012204877

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

Explaining Economic Growth in Developed Economies after 1980

Ballesteros, Carlos - 2016

We use the Aguion and Howitt (2009) theoretical model of endogenous economic growth to explain the declining economic growth in developed economies in the period 1981-2009. Aguion and Howitt theoretical framework combines Solownian and Schumpeterian elements in a single scenario, so that...

Persistent link: https://www.econbiz.de/10012984814

Growth complementarity between agriculture and industry : evidence from a panel of developing countries

Souza, João Paulo A. de - 2014

notion that agriculture plays key macroeconomic roles in the industrialization of developing countries by relieving saving …Using dynamic panel models with data for 62 developing countries, this paper examines whether growth in agriculture … growth in agriculture. I identify large short-run effects: An increase in growth in agriculture by one percentage point is …

Persistent link: https://www.econbiz.de/10010426588

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