Department of Economics and Business Economics

Socioeconomic transitions as common dynamic processes

Research output: Working paperResearch

Standard

Socioeconomic transitions as common dynamic processes. / Gundlach, Erich; Paldam, Martin.

Aarhus : Institut for Økonomi, Aarhus Universitet, 2016.

Research output: Working paperResearch

Harvard

Gundlach, E & Paldam, M 2016 'Socioeconomic transitions as common dynamic processes' Institut for Økonomi, Aarhus Universitet, Aarhus.

APA

Gundlach, E., & Paldam, M. (2016). Socioeconomic transitions as common dynamic processes. Institut for Økonomi, Aarhus Universitet. Economics Working Papers No. 2016-06

CBE

Gundlach E, Paldam M. 2016. Socioeconomic transitions as common dynamic processes. Aarhus: Institut for Økonomi, Aarhus Universitet.

MLA

Gundlach, Erich and Martin Paldam Socioeconomic transitions as common dynamic processes. Aarhus: Institut for Økonomi, Aarhus Universitet. (Economics Working Papers; Journal number 2016-06). 2016., 32 p.

Vancouver

Gundlach E, Paldam M. Socioeconomic transitions as common dynamic processes. Aarhus: Institut for Økonomi, Aarhus Universitet. 2016 Apr 7.

Author

Gundlach, Erich ; Paldam, Martin. / Socioeconomic transitions as common dynamic processes. Aarhus : Institut for Økonomi, Aarhus Universitet, 2016. (Economics Working Papers; No. 2016-06).

Bibtex

@techreport{756407ceec924af7ba6cc794d4674153,
title = "Socioeconomic transitions as common dynamic processes",
abstract = "Long-run socioeconomic transitions can be observed as stylized facts across countries and over time. For instance, poor countries have more agriculture and less democracy than rich countries, and this pattern also holds within countries for transitions from a traditional to a modern society. It is shown that the agricultural and the democratic transitions can be partly explained as the outcome of dynamic processes that are shared among countries. We identify the effects of common dynamic processes with panel estimators that allow for heterogeneous country effects and possible cross-country spillovers. Common dynamic processes appear to be in line with alternative hypotheses on the causes of socioeconomic transitions.",
keywords = "Long-run development, agriculture, democracy, socioeconomic transitions, mean group estimators, technology heterogeneity, cross-section independence",
author = "Erich Gundlach and Martin Paldam",
year = "2016",
month = apr,
day = "7",
language = "English",
series = "Economics Working Papers",
number = "2016-06",
publisher = "Institut for {\O}konomi, Aarhus Universitet",
type = "WorkingPaper",
institution = "Institut for {\O}konomi, Aarhus Universitet",

}

RIS

TY - UNPB

T1 - Socioeconomic transitions as common dynamic processes

AU - Gundlach, Erich

AU - Paldam, Martin

PY - 2016/4/7

Y1 - 2016/4/7

N2 - Long-run socioeconomic transitions can be observed as stylized facts across countries and over time. For instance, poor countries have more agriculture and less democracy than rich countries, and this pattern also holds within countries for transitions from a traditional to a modern society. It is shown that the agricultural and the democratic transitions can be partly explained as the outcome of dynamic processes that are shared among countries. We identify the effects of common dynamic processes with panel estimators that allow for heterogeneous country effects and possible cross-country spillovers. Common dynamic processes appear to be in line with alternative hypotheses on the causes of socioeconomic transitions.

AB - Long-run socioeconomic transitions can be observed as stylized facts across countries and over time. For instance, poor countries have more agriculture and less democracy than rich countries, and this pattern also holds within countries for transitions from a traditional to a modern society. It is shown that the agricultural and the democratic transitions can be partly explained as the outcome of dynamic processes that are shared among countries. We identify the effects of common dynamic processes with panel estimators that allow for heterogeneous country effects and possible cross-country spillovers. Common dynamic processes appear to be in line with alternative hypotheses on the causes of socioeconomic transitions.

KW - Long-run development, agriculture, democracy, socioeconomic transitions, mean group estimators, technology heterogeneity, cross-section independence

M3 - Working paper

T3 - Economics Working Papers

BT - Socioeconomic transitions as common dynamic processes

PB - Institut for Økonomi, Aarhus Universitet

CY - Aarhus

ER -