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Persistent link: https://www.econbiz.de/10011980176
Human development, in combination with technology, yields economic growth which, in turn, is necessary to generate further advances in human development. This paper focuses on the first channel above and finds the relationship significant. Secondly, the paper tries to investigate what affects...
Persistent link: https://www.econbiz.de/10009355741
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273
Persistent link: https://www.econbiz.de/10011951256
- together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue … that religion can enhance or impinge upon economic growth through all four elements because it shapes individual … preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
Persistent link: https://www.econbiz.de/10014391202
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
Persistent link: https://www.econbiz.de/10014383297
In our paper, we modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”). In particular, we analyze the impacts of automation, artificial intelligence, and...
Persistent link: https://www.econbiz.de/10012909722
Persistent link: https://www.econbiz.de/10010414226
Persistent link: https://www.econbiz.de/10011326132