Previous research shows that decentralization plays a key role in the reduction of damage caused by natural disasters. The effect of decentralization will differ according a country’s level of economic development. To investigate this matter further, this paper attempts to investigate how...

Purpose – This paper aims to investigate whether natural disasters enhance efficiency improvement, capital accumulation and technological progress. Further, this paper examines whether the influence of naturals disasters depends on the legal origin. Design/methodology/approach – For this...

Purpose – This paper aims to investigate whether natural disasters enhance efficiency improvement, capital accumulation and technological progress. Further, this paper examines whether the influence of naturals disasters depends on the legal origin. Design/methodology/approach – For this...

Ethnic heterogeneity influences economic growth through various channels such as efficiency improvement and capital accumulation. However, it is open to discussion exactly how ethnic heterogeneity affects these channels. Hence, this paper attempts to examine the effects of heterogeneity on...

Assuming a production process with returns to scale that vary with the intensity it is operated at, an AK-model of endogenous growth with constant returns to scale in production is shown to arise due to replication driven by profit-maximization. If replication occurs at the efficiency-maximizing...