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Economic growth in the East Asian economies was remarkable during the latter part of the 20th century, starting with Japan just after World War II, followed by the East Asian Tigers and "tiger cubs" after that and, most recently, the People's Republic of China and India. The high, sustained...
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In this paper we investigate the impact of technological change on inequalityin the presence of a landed elite using a standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset of the fertility transition, technological progress...
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alternative theory that would capture in a single unified framework the contemporary era of sustained economic growth, the epoch … the recent transition between these distinct regimes. The advancement of unified growth theory was fueled by the … conviction that the understanding of the contemporary growth process would be limited and distorted unless growth theory would be …
Persistent link: https://www.econbiz.de/10014023783
Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...
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-led growth. Building on existing features of the supply side in post-Keynesian growth theory, three new developments are … in the theory of long-run growth, and the relationship between distribution and growth. Furthermore, the feminist macro …
Persistent link: https://www.econbiz.de/10014433729
This paper answers the following two questions: 1) In the data, can we find a dilution effect of population growth also on per-capita human capital investment? If yes, 2) how can we use this fact to explain theoretically the existence of a differential impact of population change on economic...
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