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This article argues that a natural implication of an innovation-based theory of growth is that slow development facilitates the formation of special interest groups. We demonstrate this in a growth model where innovations take the form of new goods and new production processes, and where factor...
Persistent link: https://www.econbiz.de/10005400768
We explore the relationship between capital accumulation, trade, and the development of property rights. In our analysis, the development of property rights is an endogenous process, driven by capital accumulation. Property rights are defined as institutions that internalize the portion of the...
Persistent link: https://www.econbiz.de/10004977918
Why is the adoption of more productive technologies more fiercely resisted in some societies than in others? This paper examines the role of market size and free trade in determining whether firms or workers resist the adoption of more advanced technologies. It puts forth a model whereby the...
Persistent link: https://www.econbiz.de/10004977932
This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions from stagnant, predominantly rural economies to vibrant, industrialized economies that have been overlooked by the literature. In our theory, increasing variety of consumer...
Persistent link: https://www.econbiz.de/10011080764
Why did the Industrial Revolution start sometime in the 18th century in England and not earlier and in some other country? This paper argues that the key to the start of the Industrial Revolution was the expansion and integration of markets that preceded it. Due to less regulation, increasing...
Persistent link: https://www.econbiz.de/10011081122
Persistent link: https://www.econbiz.de/10005371012
Lithium ion (Li-ion) battery, consisting of multiple electrochemical cells, is a complex system whose high electrochemical and thermal stability is often critical to the well-being and functional capabilities of electric devices. Considering any change in the specifications may significantly...
Persistent link: https://www.econbiz.de/10011116039
In this study, a test system for spray cooling, in which the heating surface temperatures were simultaneously measured by thermocouples and an infrared imager, was set up. A mathematical model of spray cooling heat transfer characteristics was presented based on the fundamentals of dynamics and...
Persistent link: https://www.econbiz.de/10010809360
An appropriate operating temperature range is critical for the overall performance and safety of lithium-ion batteries. Considering the excellent performance of water in heat dissipation in industrial applications, in this paper, a water based PAAS (sodium polyacrylate) hydrogel thermal...
Persistent link: https://www.econbiz.de/10011053528
This paper provides an alternative treatment system for landfill gas and leachate control in order to reduce the energy consumption and disposal cost, using the recycled landfill gas as the combustion promoter for incineration of the leachate. This study starts by providing a literature review...
Persistent link: https://www.econbiz.de/10011030474