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This paper presents interesting correlations which exist between a model of long-wave economic activity and crisis in the United States – “the Political Economy wave” – and the structure of the rings of Saturn, one of the most confounding structures known to science. At the present time...
Persistent link: https://www.econbiz.de/10011110430
This paper focuses on the use of silver as a monetary standard in Mexico during approximately the last three decades of the nineteenth century and the first decade of the twentieth century. During this period, several events occurred in the market for silver that affected those countries...
Persistent link: https://www.econbiz.de/10011113058
Long-run economic growth has again become a major focus of economic theory. A perception of technological change as an …-state growth paths. Economic history has also long been interested in long-run economic growth. Here, a dialogue is presented … between growth theory and the historical literature on the industrial revolution in Britain and America's surge to …
Persistent link: https://www.econbiz.de/10005467174
considerably above the growth rate of average labour productivity in British industry in the early nineteenth century. …
Persistent link: https://www.econbiz.de/10010493004
in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major …
Persistent link: https://www.econbiz.de/10012100027
Since Adam Smith, most economists have held the belief that trade fosters economic growth, although it has not been … possible to establish a strong causal relationship. The results of growth regressions are, at best, mixed, and several … historical studies have found a positive relationship between tariffs and economic growth in the nineteenth century. This paper …
Persistent link: https://www.econbiz.de/10012669468
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010377359
also the practical experience over the past 15 years demonstrates that faster economic growth, and hence also more broadly … growth. Another indispensable component is an appropriately designed and implemented economic policy which must not confuse …
Persistent link: https://www.econbiz.de/10010284550
The financial intermediation-growth nexus is a widely studied topic in the literature of development economics …. Deepening financial intermediation may promote economic growth by mobilizing more investments, and lifting returns to financial … productivity growth is accounted for by the deepening process of financial development. Towards this end, an appropriate …
Persistent link: https://www.econbiz.de/10010284703
This paper establishes some stylized facts of the long run relationship between growth and labor shares using … explaining a major part of the variance in the data. Further, the impact of labor share on growth changes sign with the frequency …
Persistent link: https://www.econbiz.de/10012142095