Purpose God promised pious individuals who obey to His commandments, to increase their economic well-being. Although it is difficult to demonstrate with figures in hand this causality relationship, Muslims must believe in its existence and robustness at both the individual and collective levels,...

The paper aims to explicitly determine the distribution of human capital across hierarchic educational stages along the transition process, and to analyse the determinants of its evolution. We apply optimal control principles in a model of endogenous growth with two successive stages of...

This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of technology characteristics ((effectiveness, machinery and...

In this paper, we provide a theoretical framework combining both the theory of adoption and industry evolution to explore the different sources of industry efficiency growth. The objective is to investigate which of the explanatory variables can explain inefficiency. The theoretical and...

The recent literature has always attributed to the natural selection mechanism – along which only efficient firms can survive while inefficient ones are eliminated by market competition – a crucial role in the aggregated efficiency growth. By assuming that firms differ not only by their...

Le but de cet article est de montrer que le mécanisme de sélection naturelle des firmes peut entraver la croissance de la productivité agrégée de l’économie, et ce, contrairement aux résultats suggérés par la littérature théorique existante. Cette dernière considère que le...

The effect of entry on the aggregate efficiency growth is still theoretically and empirically unresolved. Many studies focused on this effect in short and long-run, without considering the dynamic transition and how do entry affect the convergence of the industrytoward its long-run equilibrium?...

The paper examines the impact of firms exit on the long-term efficiency growth. It is argued that, contrary to the generally established effect in the literature of industrial organisation, the natural selection process hinders economic efficiency growth. Indeed exit of firms causes losses of...

This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of technology characteristics ((effectiveness, machinery and...

In this paper, we provide a theoretical framework combining both the theory of adoption and industry evolution to explore the different sources of industry efficiency growth. The objective is to investigate which of the explanatory variables can explain inefficiency. The theoretical and...