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According to various growth theories, technology is the main factor driving long-run growth and economic convergence. Yet this process is constrained by the features of a country's institutional background. In this paper, we investigate the relationship between economic convergence and...
Persistent link: https://www.econbiz.de/10015206851
Many studies indicate that human height is determined largely by childhood circumstances, which in turn influences an adult's labor market opportunities. The aim of this note is to test this thesis by examining the correlation between childhood circumstances and labor market outcomes on the one...
Persistent link: https://www.econbiz.de/10010319559
This paper reconstructs GDP from the output side for medieval and early modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output-based GDP per capita exhibits modest but positive trend growth. One way of reconciling the two series is...
Persistent link: https://www.econbiz.de/10010443369