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Structural shift and increasing variety in Korea, 1960-2010: Empirical evidence of the economic development model by the creation of new sectors

Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo - 2016

In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking...

Persistent link: https://www.econbiz.de/10011537618

The quest for status and R&D-based growth

Hof, Franz X.; Prettner, Klaus - 2016

We analyze the impact of status preferences on technological progress and long-run economic growth. For this purpose, we extend the standard relative wealth approach by allowing the two components of the representative household's wealth, physical capital and shares, to differ with respect to...

Persistent link: https://www.econbiz.de/10011422440

The quest for status and R&D-based growth

Hof, Franz X.; Prettner, Klaus - 2016

We analyze the impact of status preferences on technological progress and long-run economic growth within an R&D-based framework. For this purpose, we extend the standard relative wealth approach by allowing the various assets held by households to differ with respect to their status relevance....

Persistent link: https://www.econbiz.de/10011533063

Relative consumption, relative wealth, and long-run growth : when and why is the standard analysis prone to erroneous conclusions?

Hof, Franz X.; Prettner, Klaus - 2019

We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both the decentralized and the socially optimal economic growth rates. In the pertinent literature these effects are usually assessed by examining the dependence of the growth rates on...

Persistent link: https://www.econbiz.de/10012145393

Relative consumption, relative wealth, and long-run growth : when and why is the standard analysis prone to erroneous conclusions?

Hof, Franz X.; Prettner, Klaus - 2020

Persistent link: https://www.econbiz.de/10012151987

Innovation, specialization and growth in a model of structural change

Andergassen, Rainer; Nardini, Franco; Ricottilli, Massimo - 2010

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises...

Persistent link: https://www.econbiz.de/10011737893

The Nature of Economic Development and the Economic Development of Nature

Dasgupta, Partha - 2013

national accounting, reconstructed the theory of macro-economic development and public and trade policy, and revised the theory … provide an account of a recent publication that has put the theory to work by studying the composition of wealth accumulation … nature. These are still early days in the measurement of the wealth of nations, but both theory and the few empirical studies …

Persistent link: https://www.econbiz.de/10013073130

Industries without smokestacks : telecommunication and ICT-based services trade

Frischtak, Cláudio R. - 2017

This paper provides a basic understanding of the nature of emerging key information and communication technologies, and establishes the distance of countries from high-quality access to the internet - the necessary threshold one needs to cross in order to make use of such technologies. The paper...

Persistent link: https://www.econbiz.de/10011588874

Development of the digital economy, transformation of the economic structure and leaping of the middle-income trap

Qi, Yudong; Chu, Xi - In: China political economy 5 (2022) 1, pp. 14-39

Purpose Currently, China's economy is in the critical phase of transforming economic development patterns and replacing old growth drivers with new ones. Whether it can successfully overcome the "middle-income trap" has become a significant issue attracting wide attention....

Persistent link: https://www.econbiz.de/10013541829

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678