wealth-of-nations   151

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Team *Decorations Until Epiphany* on Twitter: "@RoundSqrCupola maybe just C https://t.co/SFPXb3qrAE"
https://archive.is/k0fsS
Remember ‘BRICs’? Now it’s just ICs.
--
maybe just C
Solow predicts that if 2 countries have the same TFP, then the poorer nation should grow faster. But poorer India grows more slowly than China.

Solow thinking leads one to suspect India has substantially lower TFP.

Recent growth is great news, but alas 5 years isn't the long run!

FWIW under Solow conditional convergence assumptions--historically robust--the fact that a country as poor as India grows only a few % faster than the world average is a sign they'll end up poorer than S Europe.

see his spreadsheet here: http://mason.gmu.edu/~gjonesb/SolowForecast.xlsx
spearhead  econotariat  garett-jones  unaffiliated  twitter  social  discussion  india  asia  china  economics  macro  growth-econ  econ-metrics  wealth  wealth-of-nations  convergence  world  developing-world  trends  time-series  cjones-like  prediction  multi  backup  the-bones  long-short-run  europe  mediterranean  comparison  simulation  econ-productivity  great-powers  thucydides  broad-econ  pop-diff  microfoundations  🎩  marginal  hive-mind  rindermann-thompson  hari-seldon  tools  calculator  estimate 
december 2017 by nhaliday
King Kong and Cold Fusion: Counterfactual analysis and the History of Technology
How “contingent” is technological history? Relying on models from evolutionary epistemology, I argue for an analogy with Darwinian Biology and thus a much greater degree of contingency than is normally supposed. There are three levels of contingency in technological development. The crucial driving force behind technology is what I call S-knowledge, that is, an understanding of the exploitable regularities of nature (which includes “science” as a subset). The development of techniques depend on the existence of epistemic bases in S. The “inevitability” of technology thus depends crucially on whether we condition it on the existence of the appropriate S-knowledge. Secondly, even if this knowledge emerges, there is nothing automatic about it being transformed into a technique that is, a set of instructions that transforms knowledge into production. Third, even if the techniques are proposed, there is selection which reflects the preferences and biases of an economy and injects another level of indeterminacy and contingency into the technological history of nations.

https://twitter.com/whyvert/status/932451959079972865
https://archive.is/MBmyV
Moslem conquest of Europe, or a Mongol conquest, or a post-1492 epidemic, or a victory of the counter-reformation would have prevented the Industrial Revolution (Joel Mokyr)
pdf  study  essay  economics  growth-econ  broad-econ  microfoundations  history  medieval  early-modern  industrial-revolution  divergence  volo-avolo  random  mokyr-allen-mccloskey  wealth-of-nations  europe  the-great-west-whale  occident  path-dependence  roots  knowledge  technology  society  multi  twitter  social  commentary  backup  conquest-empire  war  islam  MENA  disease  parasites-microbiome  counterfactual  age-of-discovery  enlightenment-renaissance-restoration-reformation  usa  scitariat  gnon  degrees-of-freedom 
november 2017 by nhaliday
“Editor’s Introduction to The New Economic History and the Industrial Revolution,” J. Mokyr (1998) | A Fine Theorem
I taught a fun three hours on the Industrial Revolution in my innovation PhD course this week. The absolutely incredible change in the condition of mankind that began in a tiny corner of Europe in an otherwise unremarkable 70-or-so years is totally fascinating. Indeed, the Industrial Revolution and its aftermath are so important to human history that I find it strange that we give people PhDs in social science without requiring at least some study of what happened.

My post today draws heavily on Joel Mokyr’s lovely, if lengthy, summary of what we know about the period. You really should read the whole thing, but if you know nothing about the IR, there are really five facts of great importance which you should be aware of.

1) The world was absurdly poor from the dawn of mankind until the late 1800s, everywhere.
2) The average person did not become richer, nor was overall economic growth particularly spectacular, during the Industrial Revolution; indeed, wages may have fallen between 1760 and 1830.
3) Major macro inventions, and growth, of the type seen in England in the late 1700s and early 1800s happened many times in human history.
4) It is hard for us today to understand how revolutionary ideas like “experimentation” or “probability” were.
5) The best explanations for “why England? why in the late 1700s? why did growth continue?” do not involve colonialism, slavery, or famous inventions.
econotariat  broad-econ  economics  growth-econ  cjones-like  summary  divergence  industrial-revolution  list  top-n  mokyr-allen-mccloskey  hi-order-bits  aphorism  wealth  wealth-of-nations  malthus  revolution  innovation  the-trenches  science  europe  the-great-west-whale  britain  conceptual-vocab  history  early-modern  technology  long-short-run  econ-metrics  data  time-series  conquest-empire  india  asia  scale  attaq  enlightenment-renaissance-restoration-reformation  roots  cycles  flux-stasis  whiggish-hegelian 
october 2017 by nhaliday
Global determinants of navigation ability | bioRxiv
Using a mobile-based virtual reality navigation task, we measured spatial navigation ability in more than 2.5 million people globally. Using a clustering approach, we find that navigation ability is not smoothly distributed globally but clustered into five distinct yet geographically related groups of countries. Furthermore, the economic wealth of a nation (Gross Domestic Product per capita) was predictive of the average navigation ability of its inhabitants and gender inequality (Gender Gap Index) was predictive of the size of performance difference between males and females.

- Figure 1 has the meat
- gender gap larger in richer/better-performing countries
- Anglo and Nordic countries do best (Finnish supremacy wins the day again)
- surprised China doesn't do better, probably a matter of development
- Singapore is close behind the Anglo-Nords tho
- speculation that practice of orienteering (originally Swedish) may be related to Nords doing well
- somewhat weird pattern wrt age
study  bio  preprint  psychology  cog-psych  iq  psychometrics  spatial  navigation  pop-diff  gender  gender-diff  egalitarianism-hierarchy  correlation  wealth  wealth-of-nations  econ-metrics  data  visualization  maps  world  developing-world  marginal  europe  the-great-west-whale  nordic  britain  anglo  usa  anglosphere  china  asia  sinosphere  polis  demographics  age-generation  aging  EU  group-level  regional-scatter-plots  games  simulation 
september 2017 by nhaliday
A cross-country empirical test of cognitive abilities and innovation nexus - Munich Personal RePEc Archive
In this study we analyze the relationship between national cognitive abilities and innovational output using data from 124 countries of the world. By employing cross-country IQ scores traditionally used by psychological literature to represent national intelligence, and Economic Complexity Index as a novel measure of innovation, our study shows that there is a positive connection between them. We use a variety of tests to check the robustness of the nexus. Overall, our findings indicate that more intelligent nations export more sophisticated and diverse products to the world market and thus are more innovative. Therefore, developing countries should consider investing in human capital and related institutions if they are to boost innovative capabilities and move up the technology ladder in producing and exporting sophisticated and varied lines of products. This should bring them greater economic diversity which could be a right lever in mitigating negative external shocks.
study  economics  broad-econ  psychology  cog-psych  growth-econ  wealth-of-nations  innovation  pop-diff  rindermann-thompson  diversity  human-capital  hive-mind  iq  correlation  entropy-like  wealth  the-world-is-just-atoms  🎩  econ-metrics  econometrics  world  group-level  spearhead  macro  stylized-facts  behavioral-econ  biophysical-econ  microfoundations  🌞  hari-seldon 
september 2017 by nhaliday
The Long-Run Weight of Communism or the Weight of LongRun History?
This study provides evidence that culture understood as values and beliefs moves very slowly. Despite massive institutional change, values and beliefs in transition countries have not changed much over the last 20 years. Evidence suggests that culture is affected by the long run historical past, in particular the participation in empires for over 100 years. Current institutional evolutions in transition countries might be more affected by their long run past than by the communist experience of the twentieth century
pdf  study  economics  growth-econ  broad-econ  cliometrics  path-dependence  wealth-of-nations  divergence  history  mostly-modern  communism  authoritarianism  political-econ  institutions  eastern-europe  russia  long-short-run  culture  cultural-dynamics  🎩  values  general-survey  nationalism-globalism  competition  individualism-collectivism  gender  labor  democracy  expert  antidemos  capitalism  microfoundations  expert-experience  roots  top-n  branches  intel  china  asia  sinosphere  orient  technocracy  europe  germanic  agriculture  heavy-industry  pre-ww2  urban-rural  EU  trust  conquest-empire  empirical  markets  usa  migration  tribalism  us-them  convergence  enlightenment-renaissance-restoration-reformation  confucian  comparison  flux-stasis  hari-seldon 
august 2017 by nhaliday
Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy* | The Quarterly Journal of Economics | Oxford Academic
We argue that medieval European institutions such as guilds, and specific features such as journeymanship, can explain the rise of Europe relative to regions that relied on the transmission of knowledge within closed kinship systems (extended families or clans).
study  economics  growth-econ  broad-econ  history  medieval  europe  the-great-west-whale  occident  n-factor  kinship  coordination  institutions  wealth-of-nations  divergence  roots  technology  learning  spreading  network-structure  pdf  piracy  organizing  open-closed  microfoundations  feudal  explanans  orient  hari-seldon 
july 2017 by nhaliday

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