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We investigate the growth-finance nexus in an endogenous growth model with search frictions and congestion effects in … and growth. Financial development eases the financing of innovation but can exacerbate bottlenecks in R&D. In a … calibration close to the U.S. economy, finance has a negative impact on growth. This effect is quantitatively small- consistent …
Persistent link: https://www.econbiz.de/10015195486
This paper contributes to the economics of AI by exploring three topics neglected by economists: (i) the notion of a Singularity (and Singleton), (ii) the existential risks that AI may pose to humanity, including that from an extraterrestrial AI in a Dark Forest universe; and (iii) the relevance...
Persistent link: https://www.econbiz.de/10013470476
main drivers of exponential growth in economic possibilities; second, a gradual general rebalancing of life choices away …
Persistent link: https://www.econbiz.de/10014474505
climate, technology and learning in the production process in influencing disparities. In both countries there was a better …
Persistent link: https://www.econbiz.de/10010330695
from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the …This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area …
Persistent link: https://www.econbiz.de/10012651102
they have played significant roles in the region's slow and episodic economic growth. Results from cross …-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital … African countries to assimilate and effectively use knowledge and technology. Contrary to the views held by many analysts, the …
Persistent link: https://www.econbiz.de/10010280171
high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating …
Persistent link: https://www.econbiz.de/10011646687
It is popular these days to talk about the "discontent" of neoliberal globalization. This "discontent" is no longer the prerogative of intellectuals. Increasingly, it comes from below, with opposition from the grassroots. But there may be another type of discontent lurking behind the scenes....
Persistent link: https://www.econbiz.de/10011646692
return in the economy. However, since a differential growth in profits implies control over a growing share of the aggregate …
Persistent link: https://www.econbiz.de/10011646694
A theoretical and historical account of the global political economy of oil, armament and capital accumulation in the Middel East.
Persistent link: https://www.econbiz.de/10011646695