Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...

We use the two-sector specific factors model, which is known from the theory of international trade, in a growth context to describe major trends of long-run economic development. The endogenous technical progress functions establish the link between the agricultural and the manufacturing sector...

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...

Chapter 1. Introduction -- Part I. The Drive for Development -- Chapter 2. Enter local control -- Chapter 3. The force unleashed -- Part II. The Growth Mechanism -- Chapter 4. Hardware and software -- Chapter 5. Mechanization, automation and the labor market -- Chapter 6. Scale of operations --...

The evaluation of economic development level is commonly measured by the growth rate of GDP. However, this single-dimensional measurement may cause potential issue to investigate sustainable economic development and growth model. An alternative framework is introduced to economic development...

Overview -- Overlapping-Generations Model of Economic Growth -- Fiscal Policy -- Schooling and Fertility -- A Complete One-Sector Neoclassical Growth Model -- Two Sector Growth Models -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual Economy --...

This paper integrates a simple theory of identity choice into a framework of endogenous economic growth to explain how secularization can be both cause and consequence of economic development. A secular identity allows an individual to derive more pleasure from consumption than religious...