Journal of Economic Growth
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Democratization, leader education and growth: firm-level evidence from IndonesiaAbstract Does the economic success of democratization depend on newly elected leaders’ characteristics? We exploit the unique Indonesian democratization process, where districts exogenously democratized in different years. In a census of manufacturing plants, employment drops by 5% in districts that elect a non-college educated mayor, while employment stays constant... ...
Journal of Economic Growth - Tập 28 Số 4 - Trang 571-600 - 2023
Luddites, the industrial revolution, and the demographic transition
Journal of Economic Growth - - 2013
The two sides of envy
Journal of Economic Growth - Tập 19 - Trang 407-438 - 2014
The two sides of envy, destructive and constructive, give rise to qualitatively different equilibria, depending on the economic, institutional, and cultural environment. If investment opportunities are scarce, inequality is high, property rights are not secure, and social comparisons are strong, society is likely to be in the “fear equilibrium,” in which better endowed agents underinvest in order ......
Easter Island’s collapse: a tale of a population race
Journal of Economic Growth - Tập 13 - Trang 27-55 - 2008
The Easter Island tragedy has become an allegory for ecological catastrophe and a warning for the future. In the economic literature the collapse is usually attributed to irrational or myopic behavior in the context of a fragile ecosystem. In this paper we propose an alternative story involving non-cooperative bargaining between clans to share the crop. Each clan’s bargaining power depends on its ......
The Green Solow model
Journal of Economic Growth - Tập 15 - Trang 127-153 - 2010
We argue that a key empirical finding in environmental economics—the Environmental Kuznets Curve (EKC)—and the core model of modern macroeconomics—the Solow model—are intimately related. Once we amend the Solow model to incorporate technological progress in abatement, the EKC is a necessary by product of convergence to a sustainable growth path. We explain why current methods for estimating an EKC......
Capital Accumulation and Innovation as Complementary Factors in Long-Run Growth
Journal of Economic Growth - Tập 3 Số 2 - Trang 111-130 - 1998
We study capital accumulation and innovation as determinants of long-run growth by adding capital to our earlier model of creative destruction. No special functional forms are imposed on the aggregate production function. The equations describing perfect foresight equilibrium are identical to those of the augmented Ramsey-Cass-Koopmans model, except that the rate of technological change is a funct......
Do brain drain and poverty result from coordination failures?
Journal of Economic Growth - Tập 17 - Trang 1-26 - 2011
The bidirectional causal links between high-skilled emigration and poverty can give rise to multiple equilibria and coordination failures. Two countries sharing identical characteristics may end up in either a “low poverty-low brain drain” equilibrium or in a “high poverty-high brain drain” equilibrium. In this paper, we build a model which endogenizes high-skilled emigration and economic performa......
Does the Mortality Decline Promote Economic Growth?
Journal of Economic Growth - Tập 7 - Trang 411-439 - 2002
This paper analyzes qualitatively and quantitatively the effects of declining mortality rates on fertility, education and economic growth. The analysis demonstrates that if individuals are prudent in the face of uncertainty about child survival, a decline in an exogenous mortality rate reduces precautionary demand for children and increases parental investment in each child. Once mortality is endo......
Knowledge as a Set in Idea Space: An Epistemological View on Growth
Journal of Economic Growth - Tập 5 - Trang 253-275 - 2000
This articlepresents a model of knowledge, seen as a set of ideas definedin a multidimensional idea space. Knowledge is created throughconvex combinations of older ideas and through paradigm shifts.When normal science has made the knowledge set convex, scientificopportunity is exhausted. Individual countries are endowed withdifferent knowledge sets, which gives rise to idea gaps. Thegrowth of a co......
Does the Profile of Income Inequality Matter for Economic Growth?
Journal of Economic Growth - - 2005
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