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We examine how entrepreneurship and institutional and policy reforms affect development (proxied by the rate of growth …
Persistent link: https://www.econbiz.de/10004972546
economic development. This paper takes a new approach toprovide an answer by using micro-data based on surveys of revolutionary …
Persistent link: https://www.econbiz.de/10005007323
A formalization of the Coase-Williamson-Cheung theory of the firm is used to examine the trade-off between the firm and the market as institutions for organizing production in a dynamic, general equilibrium model with increasing returns to labor specialization. The model considers the...
Persistent link: https://www.econbiz.de/10005547940
The paper develops a dynamic, general equilibrium model of specialization-driven growth in which the private cost of coordinating among specialists is a function of public expenditure on physical and institutional infrastructure. Growth is characterized by endogenous increases in labor...
Persistent link: https://www.econbiz.de/10005547942
economic development. This paper takes a new approach to provide an answer by using micro-data based on surveys of …
Persistent link: https://www.econbiz.de/10005577162
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010377359
This essay reviews the historical and ongoing role played by trade in sustained high growth and human development … progress, and makes the case that the post-2015 development agenda should include considerations related to trade rules and … argues that trade led economic growth must be prioritised in the post-2015 development agenda. …
Persistent link: https://www.econbiz.de/10010435377
Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … evolution of the financing regimes. The e?ectiveness of R&D selection mechanisms depends on the institutions and the development …
Persistent link: https://www.econbiz.de/10005677512
The World Bank is uniquely positioned to identify and disseminate innovative development practices. Based on his thirty … Bank focusing on dominant development paradigms, client and stakeholder relationships and the organization's operational …
Persistent link: https://www.econbiz.de/10010202213
The impact of income inequality on economic growth is dependent on several factors, including the time horizon … considered, the initial level of income and its initial distribution. Yet, as growth and inequality are also uneven across space … also seem pertinent to consider not just the levels of inequality and agglomeration, but also the changes they undergo (i …
Persistent link: https://www.econbiz.de/10009291609