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can be sustained by more then one set of institutions. Technology and institutions co-evolve. Although some institutions …
Persistent link: https://www.econbiz.de/10005597125
. Furthermore, we control for the effect of domestic institutions on productivity. A high quality of contract enforcement and … educational institutions in the reporter country are an important determinant of productivity developments. …
Persistent link: https://www.econbiz.de/10010686970
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions – even those providing the same level of insurance – can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …
Persistent link: https://www.econbiz.de/10008926963
This chapter explores the Kaldorian approach to endogenous growth theory. The central principles of this approach are explored, including the claims that growth is: (a) demandled, with trade playing a central role in aggregate demand formation; and (b) pathdependent. It is shown that both the...
Persistent link: https://www.econbiz.de/10008572612
&D spillovers across national borders and if institutions play some role in affecting this knowledge diffusion process. Dynamic …
Persistent link: https://www.econbiz.de/10010701920
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
This article addresses theoretically the dynamics of innovation and growth paths in an economy producing “standard … relation with consumers’ decisions. In particular, we model how producers adapt their dynamics of innovation, i.e. their … different dynamics of innovation. Reaching the “industrial maturity regime” depends on the consumer taste for diversity in …
Persistent link: https://www.econbiz.de/10011074566
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010653526
individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …
Persistent link: https://www.econbiz.de/10010509962
relevant for socio-ecological transition. Hereby the paper focuses on the concepts of sustainability, growth, innovation …
Persistent link: https://www.econbiz.de/10010431693