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Persistent link: https://www.econbiz.de/10015066387
country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
Based on required growth rate and actual growth rate, this paper proposes a method to construct measures to indicate … significance; and (3) total factor productivity growth and structural transformation are fundamental drivers for an economy to … escape the MIT. However, earlier industrialization may not generate the expected impact on growth, as the probability of …
Persistent link: https://www.econbiz.de/10011757920
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10010253459
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10010255056
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … 'New Kaldor facts' and produces an extraordinary diversity of country growth performances, including the overtaking of …
Persistent link: https://www.econbiz.de/10011397182
variability in income levels and their growth rates. We review estimates for a wide range of policy variables. In many cases, the … magnitude of the estimates is under debate. Estimates found by running cross-sectional growth regressions are sensitive to which …
Persistent link: https://www.econbiz.de/10014024240
We reassess convergence of income and its determinants across countries using the dataset constructed by Klenow and Rodriguez-Clare (2005) and our updated version of the same data. Consistent with the literature, the ergodic distribution of output per worker features separate convergence clubs....
Persistent link: https://www.econbiz.de/10013133209
Persistent link: https://www.econbiz.de/10008651045