From Growth Spurts to Sustained Growth

This paper presents new evidence on the existence of pre-industrial growth spurts and the nature of economic growth during the transition from Malthus to Solow. In this research, growth spurts are an intrinsic feature of the economy, but throughout history their effect on standards of living is mostly temporary. Sustained rises in living standards only become sustained when there are complementarities between the triple engines of growth of technological development, human capital and the organization of the workplace. In Malthusian economies, most technologies were basic and only required straightforward knowledge or human capital, and thus the skill-technology complementarity did not play a role in their development. As a consequence, most technological developments in Malthusian economies generated growth spurts that did not become sustained, although there was a temporary increase in standards of living. However, the increasing complexity of the epistemic knowledge base reported by the historical literature meant that investments in applied technology were progressively more significant, enhancing the role of human capital. After a certain threshold of the knowledge base was surpassed, more and more complex applied technologies were developed, and growth spurts became permanent features of the economy.Growth spurts, unified growth theory, sustained economic growth

From Growth Spurts to Sustained Growth: The Nature of Growth and Unified Growth Theory

The recent literature on unified growth theory has shed new light on the transition to sustained economic growth. Nevertheless, unified growth theory has not devoted a lot of attention to the nature of economic growth and its impact in the transition from Malthus to Solow. This research presents new evidence on the existence of pre-industrial growth spurts and provides new foundations concerning the nature of economic growth during the Malthus to Solow transition. Following previous research in unified growth theory, sustained economic growth arises due to complementarities between the triple engines of growth of technological development, human capital and the organization of the workplace. In this research, growth spurts are an intrinsic feature of the economy, but throughout history their effect on standards of living is mostly temporary. The rise in living standards only becomes sustained when the complementarity of the triple engines of growth emerges. In Malthusian economies, most technologies were basic and only require straightforward knowledge or human capital, and thus the skill-technology complementarity did not play a role in their development. As a consequence, most technological developments in Malthusian economies generated growth spurts that did not become sustained, although there was a temporary increase in standards of living. However, the increasing complexity of the epistemic knowledge base reported by the historical literature meant that investments in applied technology were progressively more significant, enhancing the role of human capital. After a certain threshold of the knowledge base was surpassed, more and more complex applied technologies were developed, and growth spurts became permanent features of the economy. This research thus captures some of the most important historical features concerning the nature of growth in the transition to sustained economic growth.growth spurts, unified growth theory, sustained economic growth

Legal Stability Contracts in Colombia: An Appropriate Incentive for Investments? Historical Causes and Impact Analysis of Law 963 to 2005

Current global economic order is openly dependent on foreign direct investment (FDI). At least since the 1990’s, developing countries have competed to attract FDI because it is considered the best source of technology, employment, and financial resources. Colombian Law 963 of 2005, which is a response to said competition, allows the signature of Legal Stability Contracts (LSCs) between the State and investors for the purpose of stabilizing the rules guiding investment decisions, for up to 20 years. Legal stabilization has successfully proven to increase FDI inflows. Nevertheless, incentives for FDI have been subject to several critiques that stress the excess of benefits for foreign inves- tors in exchange for weak commitments. Wanting to examine the suitability of Law 963 in attracting FDI to Colombia and in increasing its positive impact, I studied the “state of art” of FDI and legal stabilization, the historical causes of incentives in Colombia, and the LSCs signed in the light of said Law. The results of my study reveal that the law successfully met the expectations of in- creasing investments. However, there is also evidence that early reforms and a deficient application of the law prevented it from increasing the positive social impact of investments

Localized or generalized growth? Structural breaks and the two views of the industrial revolution

'This paper uses an endogenous structural breaks procedure that provides additional evidence on two alternative views of the British Industrial Revolution. The tests are carried out for two periods: 1750-1800 and 1800-1850. The empirical results show that structural breaks occurred in most British industries throughout the period, suggesting that growth was pervasive and not localized in the iron and cotton industries. Growth accelerated in most industries throughout the period, which indicates an increasing dynamism of the British economy.' (author's abstract

Implications for transportation planning of changing production and distribution processes

Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1997.Includes bibliographical references (p. 232-241).by Alvaro E. Pereira.Ph.D

O quotidiano profissional do enfermeiro :: das aparências às diferenças de gênero /

Tese (Doutorado) - Universidade Federal de Santa Catarina, Centro de Ciências da Saúde

Avaliação do tratamento cirúrgico da úlcera péptica perfurada.

Trabalho de Conclusão de Curso - Universidade Federal de Santa Catarina, Centro de Ciências da Saúde, Departamento de Clínica Cirúrgica, Curso de Medicina, Florianópolis, 199

Sistema web para loja de tintas

Orientador :Monografia (especialização) - Universidade Federal do Paraná, Setor de ..., Curso de Especialização em ...Inclui referência

Estudio de la eficiencia del proceso de producción de chaquetas en la fábrica ADPH Textil de la corporaciòn de zonas francas Los Canelos durante el año 2008

Tesis (Ingeniero Industrial)--Universidad Americana, Managua, 2008El objetivo de este estudio es analizar la eficiencia del proceso de producción de chaquetas en la fábrica ADPH Textil. Esto tiene como fin brindar solución a los problemas de baja productividad y calidad de la fábrica, con el fin de mejorar su eficiencia e incrementar la productividad, calidad, y rentabilidad de la empresa