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This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of...
Persistent link: https://www.econbiz.de/10005518964
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three …
Persistent link: https://www.econbiz.de/10010584367
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three …
Persistent link: https://www.econbiz.de/10010290007
Factor-endowment based trade with the leading economy helps to explain the differing development performances of the …
Persistent link: https://www.econbiz.de/10005062412
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10011602763
economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … the "carrier" of development focusing on the systematic examination of the post-war reconstruction periods, and setup a … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …
Persistent link: https://www.econbiz.de/10003935473
development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion …
Persistent link: https://www.econbiz.de/10010369085
development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion …
Persistent link: https://www.econbiz.de/10010908072
This paper empirically tests the hypothesis that landed elites may block technological change and economic development …
Persistent link: https://www.econbiz.de/10011917048
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675