Advance-Retreat Course (ARC) analysis is a theoretical analysis and method on socio- economic development. The main point of ARC is that any economic development behavior will face various pressure coming from environment, that is to say, human beings can actively devise and implement his own...

HDI is the most common index which is used in measuring the development of a nation. Life expectancy, literacy rate and per capita income are the main components of Human Development Index (HDI). Health, standard of living and education are the main aspects it covers. The subsequent topic this...

As technological change accelerates, and mass production encompasses more sectors, their inherent inefficiencies and inequities become more prevalent in the aggregate economy. The resulting mass market economy can be described as the combination of a large scale, innovative leading sector under...

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non-optimizing agents) provides predictions largely consistent with a closed-economy RCK but fundamentally differs regarding open-economy income convergence. Where RCK predicts partial income...

In “Long-Term Growth as a Sequence of Exponential Modes,” Robin Hanson presents a characteristically pathbreaking analysis, of economic growth over the history of the genus Homo. The paper shows that, across 2 million years, the data series for gross world product (GWP) can be modeled as a...

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow’s model (despite non-optimizing agents) provides predictions largely consistent with a closed-economy RCK but fundamentally differs regarding open-economy income convergence. Where RCK predicts partial...

We develop a theory of labor quality based on (i) the division of the labor force between unskilled and skilled workers and (ii) investments in skilled workers. In our theory, countries differ in two key dimensions: talent and total factor productivity (TFP). We measure talent using the observed...

This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...

This study suggests that the development process of a less-developed country can be divided into two stages, which demonstrate significantly different properties in areas such as structural endowments, production modes, income distribution, and the forces that drive economic growth. The two...

Eleven percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used one quarter of the time. A choice-theoretic general equilibrium search model is constructed to analyze the Malawian epidemic. In the developed framework, people select...