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Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data …
Persistent link: https://www.econbiz.de/10010311668
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more...
Persistent link: https://www.econbiz.de/10010270036
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …
Persistent link: https://www.econbiz.de/10010289011
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …
Persistent link: https://www.econbiz.de/10010311672
expectancy. We integrate the theory into a unified growth model and reestablish increasing life expectancy as an engine of long …
Persistent link: https://www.econbiz.de/10010311688