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What is the relationship between inequality and growth? This question has occupied and fascinated social scientists for more than a century. This article critically reviews the recent empirical and theoretical literature on the complex interplay between inequality and economic growth. Inequality...
Persistent link: https://www.econbiz.de/10012816433
countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including … the overtaking of individual countries and the replacement of the technologically leading country in the course of world …
Persistent link: https://www.econbiz.de/10011665033
countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including … the overtaking of individual countries and the replacement of the technologically leading country in the course of world …
Persistent link: https://www.econbiz.de/10011688459
analyzing its social dynamics. We trace Bitcoin's genesis and dissect the nature of its techno-economic innovation. In … essential component in the process of technological innovation. We argue that a hierarchy of repeating and exponentially …
Persistent link: https://www.econbiz.de/10012219370
I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an analytically-tractable model in which: (i) uncertainty about the returns to adoption delays technology diffusion; and (ii) the mean and volatility of output growth are jointly determined...
Persistent link: https://www.econbiz.de/10012967954
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be …
Persistent link: https://www.econbiz.de/10011789200
- and human-augmenting technical change. Technical change in a fixed physical world, in turn, requires Schumpeterian …
Persistent link: https://www.econbiz.de/10012914009
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10009152586
environmental and innovation policies. The big size of the needed investments in a context of limited financial resources asks for a …
Persistent link: https://www.econbiz.de/10010223439
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we …
Persistent link: https://www.econbiz.de/10009540751