A key challenge to theories of long-run economic growth has been linking the onset of modern growth with the move to modern fertility limitation. A notable puzzle for these theories is that modern growth in England began around 1780, 100 years before there was seemingly any movement to limit fertility. Here we show that the aggregate data on fertility in England before 1880 conceals significant...

The problem that this chapter tries to solve, is to find the relation between entrepreneurship, university research, and economic growth. The contribution of the present analysis is that, we aim to underline a) the role of university entrepreneurship in economic growth, b) to identify the reasons why this role is underdeveloped in the European South compared to the European North and c) to sugg...

In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed some more light on this issue, this study examines a Grangercausality test in a panel environment to de...

I show that aggregate-taking behavior is often evolutionarily stable for finite population in symmetric games in which payoff depends only on own strategy and an aggregate. I provide economic examples exhibiting this phenomenon.

Young men today have lower incomes than their fathers' generation did at a similar age. 1 Further, many measures of income inequality in the United States have been growing for over twenty years. Both of these phenomena raise significant questions about a broader issue: the extent of social and economic opportunities available in today's society. Generational income comparisons or statistics on...

This paper introduces age-based population heterogeneity in the Mankiw, Romer, and Weil (1992) model to improve measurement of aggregate labor and aggregate human capital. The estimation results are consistent with this model, and they indicate a hump-shaped and quantitatively important partial relation between the initial population age distribution and the subsequent rate of economic growth f...