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To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high proportions of real investment to run a financial...
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We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are … countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011665033
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are … countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011688459
propensities to consume. We show that the dynamics of the J-country world economy can be described by J differential equations. We …
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