Journal ArticleDOI
A Contribution to the Theory of Economic Growth
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In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.Abstract:
I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII. Qualifications, 91.read more
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Interest Rates and Prices in the Long Run: A Study of the Gibson Paradox
TL;DR: The relationship between commodity price inflation and interest rates has been studied in this paper, where the effect of actual inflation on anticipated inflation is taken to help determine the "nominal" rate of interest.
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The Long-run Determinants of Fertility: One Century of Demographic Change 1900-1999
Abstract: We examine the long-run relationship between fertility, mortality, and income using panel cointegration techniques and the available data for the last century. Our main result is that mortality changes and growth of income per capita account for a major part of the fertility change characterizing the demographic transition. The fertility reduction triggered by falling mortality, however, is not enough to overcompensate the positive effect of falling mortality on population growth. This means that growth of income per capita is essential to explain the observed secular decline of population growth. These results are robust against alternative estimation methods, potential outliers, sample selection, di erent measures of mortality, and the sample period. In addition, our causality tests suggest that fertility changes are both cause and consequence of economic development.
Journal ArticleDOI
Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa
TL;DR: In this article, the authors present fresh South Korean lessons to Africa by assessing the knowledge economy (KE) gaps, deriving policy syndromes and providing catch-up strategies.
Journal ArticleDOI
Balancing Private and State Ownership in Emerging Markets' Telecommunications Infrastructure: Country, Industry, and Firm Influences
TL;DR: In this paper, the authors investigate the factors that contribute to the outcomes of those negotiations as measured by the private (vs state-owned) share of newly consummated telecommunications infrastructure projects and find that private ownership is positively associated with overall economic development and investment liberalization in the host country and with greenfield and joint venture (vs wholly owned) projects.
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Environmental pollution, economic growth, population, industrialization, and technology in weak and strong sustainability: using STIRPAT model
TL;DR: In this article, the authors investigated the relationship between population, industrialization, affluence, technology, and sustainability in MENA and OECD countries during 1975-2015 and found that weak and strong sustainability, albeit slightly, is affected negatively by population and industrialization and positively by technology and international agreements on environment.
References
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The journal of political economy
TL;DR: In this paper, the authors explore a hypothesis, based on acIcumulating evidence, regarding the character of inventions likely to issue from the research laboratories of the large industrial corporations.