Showing papers by "Jeremy Greenwood published in 1997"
TL;DR: In this paper, two models with endogenous market formation are presented to analyze the relationship between markets and development, and it is argued that markets promote growth, and that growth in turn encourages the formation of markets.
958 citations
TL;DR: In this paper, a prototypical vintage capital model of economic growth is developed, where the decision to replace old technologies with new ones is modeled explicitly, and depreciation in this environment is an economic, not a physical, concept.
137 citations
Book•
01 Jan 1997
TL;DR: In this article, the authors argue that rapid technological change, sluggish real wage growth, and widening inequality have characterized earlier periods of economic growth of revolutionary new technologies, and argue that these conditions characterize the present period of economic development of new technologies.
Abstract: In this text the author argues that rapid technological change, sluggish real wage growth, and widening inequality have characterized earlier periods of economic growth of revolutionary new technologies
114 citations
Book•
01 Jan 1997
TL;DR: In this paper, the author explores periods of rapid technological change for coincidences of widening inequality and slowing productivity growth, and explores the relationship between these coincidences and the correlation of inequality and productivity growth.
Abstract: The author explores periods of rapid technological change for coincidences of widening inequality and slowing productivity growth.
20 citations