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Is industrialization conducive to long-run prosperity?
Franck, Raphaël; Galor, Oded - 2015 - This version: April 30th, 2015
This research explores the long-run effect of industrialization on the process of development. In contrast to … subsequent decades. Nevertheless, early industrialization had an adverse effect on income per capita, employment and equality by … that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology …
Persistent link: https://www.econbiz.de/10010518787
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Is industrialization conducive to long-run prosperity?
Franck, Raphaël; Galor, Oded - 2015
This research explores the long-run effect of industrialization on the process of development. In contrast to … the French industrial revolution, the research establishes that regions in which industrialization was more intensive …. Nevertheless, intensive industrialization has had an adverse effect on income per capita, employment and equality by the turn of …
Persistent link: https://www.econbiz.de/10011289903
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Ethiopia : an agrarian economy in transition
Seid, Yared; Taffesse, Alemayehu Seyoum; Ali, Seid Nuru - 2015
Ethiopia has experienced rapid economic growth since 2005. Real gross domestic product (GDP) grew at an average rate of 10.5 per cent per annum for the period between 2004-05 and 2013-14. Public investment in key infrastructure and interventions in the agriculture sector have made important...
Persistent link: https://www.econbiz.de/10011438433
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Economic growth consequences of structural stagnation: A two-sector model of productive diversification
Ortíz, Carlos - In: Lecturas de Economía (2013) 78, pp. 73-113
The role of manufacturing input diversification is addressed in a two-sector model of endogenous growth. The general economic equilibrium is solved for the world. It is also solved for a small country with scant capital accumulation, low input diversification and high agricultural productivity....
Persistent link: https://www.econbiz.de/10010902348
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Prices and the impact of the industry in the economic growth: the cases of England (1770-1840) and Colombia (1923-1998)
Posada, Carlos Esteban; Trujillo, Edgar - In: Lecturas de Economía (2008) 69, pp. 163-200
The industrial development could be an engine of economic growth through several mechanisms. In this essay we analyzed only one of them: the decline of the industrial prices because of the technical change. We designed an equilibrium model of economic growth, and look at the theoretical...
Persistent link: https://www.econbiz.de/10005464606
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Stunted Growth: Why Don't African Firms Create More Jobs?
Iacovone, Leonardo; Ramachandran, Vijaya; Schmidt, Martin - 2014
Many countries in Africa suffer high rates of underemployment or low rates of productive employment; many also anticipate large numbers of people to enter the workforce in the near future. This paper asks the question: Are African firms creating fewer jobs than those located in other parts of...
Persistent link: https://www.econbiz.de/10010737587
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Of Patents and Property
Bessen, James; Meurer, Michael J. - Research on Innovation - 2009
Do patents behave substantially like property rights in tangible assets, in that they encourage development and innovation? This article notes that historical evidence, cross-country evidence, economic experiments, and estimates of net benefits all indicate that general property rights...
Persistent link: https://www.econbiz.de/10009143955
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Tjenestesektoren i det økonomiske helhetsbildet
Reinert, Erik S. - Volkswirtschaftliche Fakultät, … - 1994
This paper discusses the forces behind the rise of the service sector - the tertiary sector - in modern economies, and examines the different roles played by the primary, secondary and tertiary sectors in the process of economic growth.
Persistent link: https://www.econbiz.de/10011110022
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Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries
Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - 2012
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income per capita. This gives rise to a paradox, seen that...
Persistent link: https://www.econbiz.de/10010310867
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Ethiopia: An agrarian economy in transition
Seid, Yared; Taffesse, Alemayehu Seyoum - 2015
Ethiopia has experienced rapid economic growth since 2005. Real gross domestic product (GDP) grew at an average rate of 10.5 per cent per annum for the period between 2004-05 and 2013-14. Public investment in key infrastructure and interventions in the agriculture sector have made important...
Persistent link: https://www.econbiz.de/10011532332