Showing 1 - 10 of 174
knowledge. The dynamic life-cycle approach elaborated in the second part provides a coherent account of the evidence, and … indicates interesting implications for innovation and educational policies. …
Persistent link: https://www.econbiz.de/10005835707
This paper develops a growth model to provide a theoretical explanation of the environmental Kuznets curve (EKC). Paper explains how EKC is shaped with economic development for a given technology. The EKC result arises in two ways – it can be observed from a single technology that matures and...
Persistent link: https://www.econbiz.de/10008805882
are used to analyze the determinant factors related to improvements in innovation and productivity. Our results indicate … that increasing technology and knowledge through a “black box” process is related to an increase in productivity …. Furthermore, the protection and management of production knowledge and expertise is a valid method of increasing global technical …
Persistent link: https://www.econbiz.de/10011112811
Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. We expand the...
Persistent link: https://www.econbiz.de/10011259657
Abstract: In this paper we assess the relevance of both knowledge creation and diffusion processes in affecting Italian … SMEs’ propensity to innovate. In doing so a knowledge production function (KPF) is estimated for a representative sample of … magnitude of such impact being decreasing in firms’ size. Second, knowledge diffusion via geographical proximity enhances the …
Persistent link: https://www.econbiz.de/10005622012
I explore the effect of skill-biased technological change on long-run inequality by building a model where the supply of skilled and unskilled workers, the cost of education, and credit rationing are endogenous. In the model, the existence of unequal steady states does not depend on the degree...
Persistent link: https://www.econbiz.de/10008645084
Empirical evidence suggests that natural resources breed corruption and reduce educational attainments, dampening economic growth. The theoretical literature has treated these two channels separately, with natural resources affecting growth either through human capital or corruption. In this...
Persistent link: https://www.econbiz.de/10011109055
The paper presents results of a study which estimates the impact of human capital on growth in Bulgaria over the period 2000-12. The empirical models are based on the extended Cobb-Douglas production with three inputs ─ labor, physical capital and human capital. Export and Foreign Direct...
Persistent link: https://www.econbiz.de/10011110835
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such as Morocco has reached a minimal level of human...
Persistent link: https://www.econbiz.de/10011114394