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We propose an endogenous growth model that incorporates the importance of business contacts and informal contacts. In our model, sold output increases with the stock of business contacts. The modelling of contact creation is based on matching theory. The cost of creating contacts decreases with...
Persistent link: https://www.econbiz.de/10008694519
This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10005016713
In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts imply that economies differ with respect to their growth rates on the transition path (local indeterminacy) as well as their long-run growth rates (global indeterminacy). While the...
Persistent link: https://www.econbiz.de/10014122878
This Paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10005123594
This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10011071192
This paper attempts to analyse the economic implications of the rise of China, India, Brazil and South Africa, for developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on industrialized countries and developing countries,...
Persistent link: https://www.econbiz.de/10010323529
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/10011615894
This paper is aimed at addressing general characteristics of growth and development that concerns all transition …
Persistent link: https://www.econbiz.de/10005258012
liberalization, human development and standard of living in the present society based, more than ever, on knowledge. It is known that …, nobody can denies its benefits especially on human development - economic and social main objective of all states, regional … and global formations. Actually, the progress in human development translates into improved population standard of living …
Persistent link: https://www.econbiz.de/10010839022
This paper aims to show how the neo-classical current, which has yet absorbed development as one of its components, is …-liberalism on the policies of development. …
Persistent link: https://www.econbiz.de/10005797804