Spinning Tales about Japanese Cotton Spinning: Saxonhouse (1974) and Lessons from New Data

2015 ◽  
Vol 75 (2) ◽  
pp. 364-404 ◽  
Author(s):  
Serguey Braguinsky ◽  
David A. Hounshell

We revisit the story of technology adoption and diffusion in Japan's Meiji-era cotton spinning industry, the study of which was pioneered by Gary Saxonhouse (1974). Using a novel data set and modern methodology, we argue that both the ease with which the best technology diffused and the role of “slavish imitation” in this process may have been overstated. We find an important role played by market competition, including asset reallocation. Our analyses provide richer insights into the complex phenomena of technology diffusion, innovation, and economic growth.

2021 ◽  
pp. 001946622110624
Author(s):  
Ghanashyama Mahanty ◽  
Himanshu Sekhar Rout ◽  
Swayam Prava Mishra

The role of money in influencing real economic activities has been a long-standing debate in macroeconomics. As per the Keynesian theory, household consumption expenditure plays a significant role in promoting economic growth. Given the rapid consumption-led growth pattern in the emerging Asia Pacific region, in this article, we attempt to assess the role of money in influencing household consumption expenditure, which propels economic growth. We employ a panel data set from 2005–2018 for 10 emerging Asian economies, covering Bangladesh, Cambodia, India, Indonesia, Malaysia, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. Given the region’s heterogeneous nature, we employ a variant of the popular St Louise equation model with autoregressive distributed lag model (ARDL) panel framework based on pooled mean group (PMG) and dynamic fixed effect (DFE) models developed by Pesaran and Shin to study the underlying relationships. Both PMG and DFE models suggest a strong positive relationship between money and household consumption expenditure both in the long run and short run. After allowing for control variables such as government final consumption expenditure and interest rate, the relationships continue to hold steady. Further, the relationship holds true across both narrow (M1) and broad money (M3) measures. The government final consumption expenditure and interest rates do not have influence on household consumption expenditure in the long run, but they have an influence in the short run. JEL Codes: C23, O16, O47, E51, E31, E21


2020 ◽  
Vol 42 (1) ◽  
pp. 21-30 ◽  
Author(s):  
Amir Heiman ◽  
Joel Ferguson ◽  
David Zilberman

1967 ◽  
Vol 27 (4) ◽  
pp. 615-617 ◽  
Author(s):  
Ramon Knauerhase

One of the most important problems in the study of economic development is the role of technological change in the growth process. My dissertation is an analysis of some of the major variables which influenced the timing of the invention, adoption, and diffusion of the compound marine steam engine. The problem was divided into three parts: (1) all those variables pertaining directly to the invention of the engine, and the very first effects on the cost structure of the steamship industry; (2) the role of the compound marine steam engine in the growth of the German merchant fleet, 1872–1887, with special emphasis on the diffusion of the invention and its productivity effects; and (3) the effect of the compound steam engine on the sailing ship component of the German merchant fleet.


Author(s):  
Albertus Girik Allo

Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI), quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB). The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.


2020 ◽  
Vol 01 (01) ◽  
pp. 85-94
Author(s):  
Akmal Yorievich Ostanov ◽  

Small and private entrepreneurship is becoming increasingly important in the world economy. International experience shows that the impact of small and private entrepreneurship on economic growth through the creation of new jobs is very important. The role of these enterprises is growing, especially as economic development progresses towards services and information technology. Small and private enterprises are becoming economic entities where new techniques and technologies are rapidly introduced, advanced management methods are rapidly applied and effective in the short term. Indeed, the role of employment in economic growth through the development of small and private entrepreneurship is immeasurable.In particular, entrepreneurship plays an important role not only in the socio-economic life of the republic, but also in the regions. Entrepreneurship is a source of endless opportunities for the development of market relations, ensuring the stability of the economy, attracting investment from domestic and foreign sources, as well as meeting the growing employment needs of the population. Indeed, the origin of small and private enterprises is a reflection of a complex set of needs of different composition, primarily due to the need to increase the number of enterprises that can influence and withstand market competition in the country's economy; second, it is characterized by the fact that small and private businesses are the cheapest, preferred, and preferred method of recruiting the population. The article summarizes the laws of emergence and formation of entrepreneurship. In particular, it was found that the emergence of criteria based on the number of employees as well as production indicators has made small and private entrepreneurship an important phenomenon of economic development. Accordingly, it is proposed to improve the characteristics of small and private entrepreneurship using both criteria, and a new, improved definition of the concept of "entrepreneurship" and "entrepreneur" applied to employment. The article consists of an introduction, goals and objectives, methods, results and comments, and a conclusion.


Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 177
Author(s):  
Zunaira Khadim ◽  
Irem Batool ◽  
Ahsan Akbar ◽  
Petra Poulova ◽  
Minahs Akbar

Logistics performance is an important determinant of economic growth. The present study investigates the moderating role of logistics performance of the logistic infrastructure on economic growth in developing countries. We employ the World Bank computed LPI index in the year 2010, 2012, 2014, 2016 and 2018 to measure the logistic performance. The current research includes the 50 developing economies, and a panel data set comprising of total 300 observations is collected. The study used the conventional Cobb–Douglas production function with labor, capital stock as main drivers of economic growth. The study found that the labor and capital endowments have significantly different impacts in terms of elasticity coefficients for developing countries with different logistics performance levels. It implies that logistics performance, i.e., the efficient performance of logistic infrastructure, plays a moderator role in economic growth in developing economies.


Author(s):  
Yogesk K. Dwivedi

An examination of previous literature in the information systems (IS) area illustrates that researchers have not yet undertaken research on broadband in the area of consumer diffusion, including the adoption, usage, and impact in the household (Crabtree, 2003; Oh et al., 2003; Stanton, 2004). Instead, most of the research associated with broadband has mainly focused on examining the macro level factors leading to adoption in a country (Crabtree, 2003; Oh et al., 2003; Stanton, 2004). Recently conducted studies highlight the need to understand adoption and diffusion of broadband from the household consumer perspective (Crabtree, 2003; Oh et al., 2003; Stanton, 2004). The limitation to studying adoption at a micro level has resulted in a lack of appropriate conceptual models specific to broadband. As pursued in previous adoption studies (Davis, 1989; Oh et al., 2003; Venkatesh & Brown, 2001), constructing a conceptual model specific to broadband diffusion at the household consumer level necessitates the review, identification, and integration of the relevant factors related with adoption, usage, and impact of technology previously examined in IS studies. Therefore, this chapter reviews and assesses the appropriateness of previous technology adoption models and constructs to study broadband diffusion. Then, this chapter provides further theoretical justification for selecting the constructs that are used to study broadband diffusion, formulate the hypotheses and finally draw a conceptual model of broadband diffusion. The chapter is structured as follows. The following section provides a review of the theoretical models of technology diffusion and adoption. This section also provides a brief discussion of the models applied to investigate broadband-related issues from the consumer perspective. Progressing upon this, the section thereafter briefly discusses the foundations of the proposed model and also provides an overall description of the proposed conceptual model. This is followed by an elaboration of the broadband diffusion model and the justification of the inclusion of the attitudinal, normative, control, behavioural intention, adoption behaviour, usage behaviour and impact constructs, and formulates the hypotheses by presenting theoretical explanations, past empirical findings, and practical examples..Finally, a summary of the chapter is provided.


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