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economic development and the dynamics 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, risk-tolerant, growth promoting … and the process of economic development. In mature stages of development, however, risk-averse traits gained an …
Persistent link: https://www.econbiz.de/10009021950
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/10005084874
In medieval Europe, manufacturers sold durable goods to anonymous consumers in distant markets, this essay argues, by making products with conspicuous characteristics. Examples of these unique, observable traits included cloth of distinctive colors, fabric with unmistakable weaves, and pewter...
Persistent link: https://www.econbiz.de/10005829316
We follow the careers 1981-2004 of 5401 star scientists listed in ISI HighlyCitedSM as most highly cited by their peers. Their number in a US region or a top-25 science and technology (S&T) country significantly increases the probability of firm entry in the S&T field in which they are working....
Persistent link: https://www.econbiz.de/10005829811
We model the invention of new technologies and their diffusion across countries. Our model predicts that, eventually, all countries will grow at the same rate, with each country's productivity ranking determined by how rapidly it adopts inventions. The common growth rate depends on research...
Persistent link: https://www.econbiz.de/10005830511
We develop and estimate a model of technological innovation and its contribution to growth at home and abroad. International patents indicate where innovations come from and where they are used. Countries grow at a common steady-state rate. A country's relative productivity depends upon its...
Persistent link: https://www.econbiz.de/10005830539
central feature of economic development. This paper discusses models with generalized balanced growth paths. These paths …
Persistent link: https://www.econbiz.de/10005830795
urbanization policies that contain inclusionary approaches may be more successful in promoting local development and managing its …
Persistent link: https://www.econbiz.de/10011227923
We conduct a field experiment in Sri Lanka providing informal firms incentives to formalize. Information about the registration process and reimbursement of direct costs has no effect. Payments equivalent to one-half to one month (alternatively, 2 months) of the median firm's profits leads to...
Persistent link: https://www.econbiz.de/10011227938
The impact of trade liberalization on manufacturing growth has been widely studied in the literature. What has gone unappreciated is that accelerated manufacturing growth has also been accompanied by accelerated services growth. Using firm-level data from India, we find a positive spillover from...
Persistent link: https://www.econbiz.de/10011254923