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  • Articles  (25)
  • economic growth  (25)
  • Springer  (25)
  • American Physical Society (APS)
  • Blackwell Publishing Ltd
  • 1995-1999  (25)
  • 1945-1949
  • Economics  (25)
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  • Articles  (25)
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  • Springer  (25)
  • American Physical Society (APS)
  • Blackwell Publishing Ltd
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  • 1
    Electronic Resource
    Electronic Resource
    A sensitivity analysis of the impact of democracy on economic growth (1995)
    Springer
    Empirical economics 20 (1995), S. 197-215 
    Details
    ISSN: 1435-8921
    Keywords: Democratic freedom ; economic growth ; sensitivity analysis ; O40
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Often it is maintained that democracy is a luxury which comes at a price in terms of subsequent slower increases in national living standards. However, various recent cross-section studies on economic growth have found evidence that lack of civil and political liberties is negatively correlated with economic growth. Using various measures of democracy the robustness of previous research is examined. Both direct and indirect effects of lack of civil and political liberties are analysed. Our main conclusion is that the relationship between democracy and economic growth is not robust.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01205435
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  • 2
    Electronic Resource
    Electronic Resource
    The empirics of growth (1996)
    Springer
    De economist 144 (1996), S. 429-444 
    Details
    ISSN: 1572-9982
    Keywords: economic growth ; capital stock ; human capital ; economic history
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary This study explores the long-run dynamics of economic growth, with particular reference to The Netherlands. The time span covered extends backwards to the mid-nineteenth century, using new time series on disaggregated physical and human capital stocks for the period 1850-1913. Economic growth in the nineteenth century is shown to have had a strong physical capital-using bias, initially concentrated in buildings and infrastructure. The close relationship between investment in machinery and economic growth did not begin to take shape until the end of the nineteenth century, to increase in strength in the course of the twentieth century.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01682835
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  • 3
    Electronic Resource
    Electronic Resource
    Exploring the Genesis of Economic Innovations: The Religious Gestalt-Switch and the Duty to Invent as Preconditions for Economic Growth (1997)
    Springer
    European journal of law and economics 4 (1997), S. 233-283 
    Details
    ISSN: 1572-9990
    Keywords: duty ; knowledge ; economic growth ; technological change
    Source: Springer Online Journal Archives 1860-2000
    Topics: Law , Economics
    Notes: Abstract This paper discusses changes in the level of knowledge, i.e. learning, as a key source of economic growth, and argues that historically a radical change in attitude towards new knowledge has been a necessary precondition for economic growth. The Renaissance created this radically new attitude in Europe, and this paper discusses contributions to economic theory and economic policy of some of the most influential scientists involved in this process: Francis Bacon (1561-1626) in England, and Leibniz (1646-1716) and Christian Wolff (1679-1754) in Germany. It is argued that these polyhistors viewed economic change as a dynamic knowledge-based process–a view that has important similarities with modern evolutionary or Schumpeterian economics. These similarities have so far not been recognized, and the paper suggests that modern economic theory would benefit from studying the theoretical and practical economics of these philosophers who laid the foundations for the industrial revolution.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1008631410924
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  • 4
    Electronic Resource
    Electronic Resource
    Learning-by-doing, population pressure, and the theory of demographic transition (1997)
    Springer
    Journal of population economics 10 (1997), S. 285-298 
    Details
    ISSN: 1432-1475
    Keywords: JEL classification: O11 ; J10 ; Key words: Demographic transition ; economic growth ; population growth
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract. The present paper discusses the long-run effects of two interdependent relations between economic and population growth. According to a frequently used formulation of the population-push hypothesis, learning-by-doing effects in production lead to increasing returns to scale and, therefore, to a positive correlation between economic and population growth. In accordance to the theory of demographic transition the population growth rate initially increases with rising income levels and then declines. Regarding this relationship, the existence and stability of a low-income equilibrium and a high-income equilibrium will be shown in a neoclassical growth model. Under plausible conditions a demo-economic transition from the first to the second steady-state takes place. The result yields a meaningful interpretation of the population-push hypothesis, which is consistent with the empirical findings on the correlation between economic and population growth.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/s001480050044
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  • 5
    Electronic Resource
    Electronic Resource
    Towards a Disequilibrium Theory of Endogenous Economic Growth (1998)
    Springer
    Environmental and resource economics 11 (1998), S. 289-300 
    Details
    ISSN: 1573-1502
    Keywords: cowboy economy ; economic growth ; exergy ; spaceship economy ; technological progress
    Source: Springer Online Journal Archives 1860-2000
    Topics: Energy, Environment Protection, Nuclear Power Engineering , Economics
    Notes: Abstract This paper discusses the need for a new approach to economic growth theory. The standard theory of growth-in-equilibrium driven by exogenous, uncaused, productivity gains has an implication that is both unjustified and perverse from a policy perspective: that government intervention of any kind can only introduce constraints and reduce option space, thus decreasing potential growth. It is argued that growth theory should (1) acknowledge the importance of natural resources, especially fossil fuels, as a driver of past and present economic growth, (2) incorporate an explicit recognition that growth is a consequence of technological innovation, especially radical innovation, that often responds to natural resource scarcities or other societal needs and (3) explicitly reflect the fact that the important (i.e. scarce) factors of production in economics can and do change over time, i.e. from a rural ‘cowboy’ economy of the past to an urbanized ‘spaceship’ economy of the future. In short, it should reflect the fact that ‘necessity is the mother of invention’. The first and third of these modifications have been proposed before, but not in combination. The third seems to be new.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1008239127479
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  • 6
    Electronic Resource
    Electronic Resource
    Entropy, environment, and endogenous economic growth (1995)
    Springer
    International tax and public finance 2 (1995), S. 319-340 
    Details
    ISSN: 1573-6970
    Keywords: economic growth ; environment ; entropy ; knowledge creation
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper investigates the proper modeling of the interaction between economic growth and environmental problems, summarizes under which conditions unlimited economic growth with limited natural resources is feasible, and describes how sustainable growth can be achieved. It synthesizes the results from various environmental endogenous growth models. The physical dimension and the value dimension of economic activity have to be treated as conceptually distinct. Accumulation of natural variables is bounded due to biophysical laws (notably, the entropy law). However, economic value may grow through the substitution of reproducible human inputs for natural inputs. The properties of knowledge, which is the primary human input, do not contradict unlimited new knowledge creation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00877504
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  • 7
    Electronic Resource
    Electronic Resource
    Cultural Capital (1999)
    Springer
    Journal of cultural economics 23 (1999), S. 3-12 
    Details
    ISSN: 1573-6997
    Keywords: cultural capital ; cultural economics ; economic growth ; natural capital ; sustainability
    Source: Springer Online Journal Archives 1860-2000
    Topics: Art History , Economics
    Notes: Abstract Economists traditionally distinguish between three forms of capital: physical capital, human capital and natural capital. This paper proposes a fourth type of capital, cultural capital. An item of cultural capital is defined as an asset embodying cultural value. The paper considers usage of the term “cultural capital” in other discourses, notably sociology after Bourdieu, and contrasts these with the proposed usage in economics. The relationship between cultural and economic value, upon which the economic concept of cultural capital relies, is explored, and the possible implications of cultural capital for economic analysis discussed, including issues of growth, sustainability and investment appraisal. The paper concludes with some suggestions for further theoretical and empirical research.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007543313370
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  • 8
    Electronic Resource
    Electronic Resource
    Power, growth, and the voracity effect (1996)
    Springer
    Journal of economic growth 1 (1996), S. 213-241 
    Details
    ISSN: 1573-7020
    Keywords: economic growth ; terms-of-trade shocks ; differential game ; common pool problem ; 040 ; Q33 ; F43
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Why is it that resource-rich countries tend to have lower growth rates than resource-poor countries? And why is it that many countries that enjoy terms-of-trade windfalls end up with lower growth rates? To explain these puzzles, we extend the neoclassical growth model by replacing the representative agent with multiple powerful groups and by introducing a new concept, the voracity effect—a more than proportional increase in redistribution in response to an increase in the raw rate of return. We show that, in an economy with powerful groups and weak institutions, the voracity effect operates if the elasticity of intertemporal substitution is high enough. That is, there exists a negative relationship between the growth rate and the raw rate of return, which is positively related to the terms of trade. We provide some empirical evidence in support of the mechanism we propose.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00138863
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  • 9
    Electronic Resource
    Electronic Resource
    Conspicuous consumption, economic growth, and taxation (1997)
    Springer
    Journal of economics 66 (1997), S. 35-42 
    Details
    ISSN: 1617-7134
    Keywords: social status ; conspicuous consumption ; economic growth ; D91 ; D92 ; P16 ; Z00
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Commodities do not only serve the purpose of satisfying direct needs in the production and consumption process. Some of them are also used to display social status and to affect the position of an individual in society. The paper looks at status-seeking activities in an economic-growth context. Two questions are asked. Does status-seeking behavior accelerate economic growth? And: should capital accumulation be subsidized to correct for the status externality? The answers to both questions are ambiguous.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01231466
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  • 10
    Electronic Resource
    Electronic Resource
    Growth and the cycle: Creative destruction versus entrenchment (1999)
    Springer
    Journal of economics 69 (1999), S. 239-266 
    Details
    ISSN: 1617-7134
    Keywords: economic growth ; cyclical variability ; creative destruction ; entrenchment ; E32 ; H21 ; L16
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Newly estaboished firms often try to secure their market position by building up a base of loyal customers. While recessions may not destroy technological leadership, they may be harmful for such firm-customer relationships. Without such customer bases, these firms find themselves more vulnerable to attacks by competitors. We formulate this idea within an Aghion-Howitt-type model of creative destruction and discuss its implications for growth. In the context of this model, recessions might be good for growth since they weaken the incumbent firm's position and, thereby, stimulate research by outside firms. The model allows for the extreme case where the leading firm can be so entrenched that growth ceases, unless a recession shakes up its customer base. We find a one-to-one relationship between the average growth rate and the cyclical variability, a U-shaped relationship between the average speed of building up good customer relationships and the average growth rate, and a positive relationship between the arrival rate of recessions and average growth. It is finally shown that an appropriate stochastic tax program can implement the social planner's solution. In some cases, general-equilibrium effects may generate interesting results, conflicting with intuition from a partial-equilibrium approach: we show that, in some cases, a social planner might want to subsidize research in order to discourage it.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01231161
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