In this paper we show how moving from the neoclassical model to the more recent endogenous growth paradigm can lead to markedly different interpretations of the same growth accounting data. In neoclassical theory, even if between 30 and 70 per cent of the growth of output per worker in OECD countries can be ‘accounted for’ by capital accumulation, yet in the long run all of the growth in output...

notwithstanding a century of prohibition, marijuana is the most widely used illicit substance in canada. due to the growing public acceptance of recreational marijuana use and ineffectiveness of the existing control system in canada, the issue surrounding legalizing this illicit drug has received considerable public and political attentions in recent years. consequently, the newly elected liber...

This paper develops a simple growth model that embeds distorted factor markets and government intervention that achieves high economic growth, low consumption, and high investment simultaneously. All of these phenomena are consistent with Chinese macroeconomic data since the 1990s, implying the inefficiency of economic growth.

In the information age, lters are going to play a dominant role. Isolated lters are incapable of dealing with a large number of incoming documents. Collaborative ltering creates a symbiosis of information ltering and web based technologies. However, collaboration has associated costs. Each service ooered and provided by a lter must be appropriately compensated. Here we present two economic mode...

Long-term economic development involves four fundamental processes: the exploitation of increasing returns to specialization, the transition from household to market production, knowledge and human capital accumulation, and industrialization. In this paper, we integrate these processes into a coherent framework for thinking about economic history. Preindustrial development is driven by increasi...

In his book ‘The World Is Flat’, Thomas Friedman postulates notions of ‘flatness’ that combine to suggest, on the one hand, tendencies towards an equalization of chances of economic development; and on the other, a displacement of vertical forms of organization by more horizontal ones, notably of states by markets. Drawing on historical geographical materialism, it is shown that geographically ...

Migration, Remittances and Children’s Schooling in Haiti In this paper, we focus on the use of remittances to school children remaining in migrant communities in Haiti. After addressing the endogeneity of remittance receipt, we find that remittances raise school attendance for all children in some communities regardless of whether they have household members abroad or not; however, in other com...

In this study, we analyze the e¤ects of a decrease in unskilled labor in China on the direction of innovation in the US by incorporating production o¤shoring into a North-South model of directed technical change. We …nd that if o¤shoring is present (absent) in equilibrium, then a decrease in unskilled labor in the South would lead to skill-biased (unskill-biased) technical change in the North. ...