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This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10012310848
Economic growth and development is a complicated process that falls into the domain of many disciplines in social sciences and humanities. It is natural then to study fundamental aspects of economic growth synthesizing research in relevant fields. In this short paper, we argue that this has...
Persistent link: https://www.econbiz.de/10014125837
This paper investigates the impact of telecommunications infrastructure in Sub-Saharan Africa. We use the World …
Persistent link: https://www.econbiz.de/10014111077
fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10010311672
fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10010289011
structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
Persistent link: https://www.econbiz.de/10010264065
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong scale effect") or the level of per capita income ("weak scale effect"), with far-reaching policy implications. However, for modern times there is little empirical support...
Persistent link: https://www.econbiz.de/10013316550
The current Chinese development model is nearing its limits. The World Bank has cautioned that China could find itself … in a “middle-income trap”. China recognizes that it must dramatically increase its capacity for innovation to avoid this … the diverse resources available to it for creating an innovation-based economy. It describes how China has over the past …
Persistent link: https://www.econbiz.de/10012997380
innovation and technology diffusion, and is consistent with the theoretical model; (iii) the valuable skills-education gap has …
Persistent link: https://www.econbiz.de/10014202819