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Seasons, savings and GDP

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dc.creatorZuleta, Hernando
dc.date.accessioned2015-09-30T16:08:57Z
dc.date.available2015-09-30T16:08:57Z
dc.date.created2008
dc.date.issued2008
dc.description.abstractThe industrial revolution and the subsequent industrialization of the economies occurred Orst in temperate regions. We argue that this and the associated positive correlation between absolute latitude and GDP per capita is due to the fact that countries located far from the equator suffered more profound seasonal auctuations in climate, namely stronger and longer winters. We propose a growth model of biased innovations that accounts for these facts and show that countries located in temperate regions were more likely to create or adopt capital intensive modes of production. The intuition behind this result is that savings are used to smooth consumption; therefore, in places where output auctuations are more profound, savings are bigger. Because the incentives to innovate depend on the relative supply factors, economies where savings are bigger are more likely to create or adopt capital intensive technologies.eng
dc.format.extent42 páginasspa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_10936
dc.identifier.editorialUniversidad del Rosariospa
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/10936
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationIssueNo. 32
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.ispartofSerie documentos de trabajo. No 32 (Febrero 2008)spa
dc.relation.urihttps://ideas.repec.org/p/col/000092/004592.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcProducción
dc.subject.keywordabsolute latitudeeng
dc.subject.keywordseasonseng
dc.subject.keywordendogenous growtheng
dc.subject.keywordcapital using innovationseng
dc.subject.lembDesarrollo económicospa
dc.subject.lembCrecimiento endógeno (Economía)spa
dc.subject.lembAhorro e inversiónspa
dc.subject.lembActivos de capitalspa
dc.subject.lembProducto interno bruto. pibspa
dc.titleSeasons, savings and GDPspa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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