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The Industrial Revolution has attracted increasing interest in the theoretical growth literature. Yet most models share few similarities with the economic events that unfolded in Britain, ca. 1750 to 1850. This paper briefly discusses a number of popular models, contrasts them with recent...
Persistent link: https://www.econbiz.de/10014093927
The approach put forward in this article is based on Schumpeter`s idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10008534182
-tech) manufacturing industries are affected by changes in this distribution whereas firms in other industries are not. In particular …
Persistent link: https://www.econbiz.de/10005090571
In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...
Persistent link: https://www.econbiz.de/10005596829
A long series of ethnographic and sociological studies on kinship systems and information flows in developing societies has portrayed networks as varying structurally, serving multiple functions, and expressing themselves in different types of interaction. Little of this earlier work has...
Persistent link: https://www.econbiz.de/10005553379
The rate of increase of longevity has varied considerably across U.S. states since 1991. This paper examines the effect of the quality of medical care, behavioral risk factors (obesity, smoking, and AIDS incidence), and other variables (education, income, and health insurance coverage) on life...
Persistent link: https://www.econbiz.de/10005660144
The approach put forward in this article is based on Schumpeter's idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals' ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10010499923
Digital technologies are bringing vast improvements to modern society but also carry the risk of perpetuating disparities if adopted at lower rates by underserved communities. We investigate the efficiency and equity aspects of technological advancement in digital health by studying an...
Persistent link: https://www.econbiz.de/10015072933
fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of … whenever thetransfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic … inefficiency in standard OLG models with exogenous fertility and Millian efficiency in models with endogenous fertility. In …
Persistent link: https://www.econbiz.de/10010878020