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Die entwicklungspolitische Debatte hat lange darunter gelitten, daß ihr eine überzeugende theoretische Grundlage fehlte. Dies beginnt sich seit einigen Jahren mit dem Aufkommen der "neuen" Wachstumstheorie zu ändern. Deren Implikationen stützen das, was neoklassisch orientierte...
Persistent link: https://www.econbiz.de/10008590792
Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
Persistent link: https://www.econbiz.de/10008520100
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effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational …
Persistent link: https://www.econbiz.de/10008520206
We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...
Persistent link: https://www.econbiz.de/10008520285
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