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a significant role in giving rise to differential patterns of economic development across the globe. Societies that were … characterized the agricultural stage of development. The lack of cultural diffusion and its manifestation in cultural rigidity … the advent of divergence and overtaking in the process of long-run development, attributing the dominance of some …
Persistent link: https://www.econbiz.de/10005123872
We employ a unique data set on white-collar workers that combines direct observations of individual use of information technology as well as objective information on individual performance. The main hypothesis we examine is whether heavier users of IT are more productive, and if heavier users of...
Persistent link: https://www.econbiz.de/10005124149
We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...
Persistent link: https://www.econbiz.de/10005124281
a central feature of economic development. This paper discusses models with generalized balanced growth paths. These …
Persistent link: https://www.econbiz.de/10005124374
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
South Africa has undergone a remarkable transformation since its democratic transition in 1994, but economic growth and employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While the proximate cause of high unemployment is that...
Persistent link: https://www.econbiz.de/10005136456
This Paper studies the effect of knowledge diffusion on the incentives for developed countries’ (DC) firms to undertake costly transfer of production knowledge of an input to their developing countries’ (LDC) suppliers whose costs of production vary inversely with their technological effort....
Persistent link: https://www.econbiz.de/10005136533
economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an … technological advancements and the process of economic development. Natural selection therefore had magnified growth promoting …
Persistent link: https://www.econbiz.de/10005136732
Using matched employer-employee data from eleven African countries, we investigate if there is job sorting in African labor markets. We find that much of the wage gap correlated with education is driven by selection across occupations and firms. This is consistent with educated workers being...
Persistent link: https://www.econbiz.de/10005136733
We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labour reallocation, and constant aggregate growth path. The conditions are weak restrictions on the...
Persistent link: https://www.econbiz.de/10005067564