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We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...
Persistent link: https://www.econbiz.de/10010954295
Accepted for publication in the <I>Journal of Development Economics</I>.<P> This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration affects firm size and efficiency, norm enforcement, and...</p></i>
Persistent link: https://www.econbiz.de/10011255851
We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter. Copyright Springer-Verlag Berlin/Heidelberg 2004
Persistent link: https://www.econbiz.de/10005370685
This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration affects firm size and effciency, norm enforcement, and aggregate economic performance. When economic integration is low and local...
Persistent link: https://www.econbiz.de/10009245598
Persistent link: https://www.econbiz.de/10007155853
Persistent link: https://www.econbiz.de/10007988793
This paper presents the long-run equilibrium and development dynamics in the neoclassical growth model and a simple model of endogenous growth when property rights are absent. The results are compared to the outcome in a corresponding model with secure property rights. The main findings are that...
Persistent link: https://www.econbiz.de/10014064272
We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter
Persistent link: https://www.econbiz.de/10014064275
We investigate how social composition affects competitive and cooperative behaviour in a linear growth model without secure property rights. If a society is homogeneous or highly fractionalized, it is in the self-interest of people to cooperate. The first-best allocation is enforced through...
Persistent link: https://www.econbiz.de/10005284662
This paper presents the long-run equilibrium and development dynamics in the neoclassical growth model and a simple model of endogenous growth when property rights are absent. The results are compared to the outcome in a corresponding model with secure property rights. The main findings are that...
Persistent link: https://www.econbiz.de/10005709273