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This paper surveys the development of the theory of endogenous growth, with special emphasis on models that deal with …
Persistent link: https://www.econbiz.de/10009755223
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the interdependence between natural resources and accumulated capital stocks such as physical, human, and knowledge capital is discussed. The conditions for the substitution...
Persistent link: https://www.econbiz.de/10009623407
This paper analyses the consequences of tightening environmental policy for economic growth. To find out how the new balanced growth path is reached in the long run, we simulate numerically for the short and medium term the transition path of a change in environmental policy within an endogenous...
Persistent link: https://www.econbiz.de/10009708571
constant rate which is the higher, the lower are the labour tax rate and the unemployment rate. Both government Ponzi games and …, an increase in the debt-to-capital ratio is accompanied by higher taxes, a rise in unemployment and lower economic growth. …
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This paper examines the Lucas Paradox and the Allocation Puzzle of international capital flows referring to a panel data set of EMU countries and major industrialized and emerging economies. Overall, the results do not provide evidence in favour of the Lucas Paradox and the Allocation Puzzle....
Persistent link: https://www.econbiz.de/10010249651
Wie kann eine Green Economy in Deutschland gestaltet werden? Wie kann die sozialökologische Transformation trotz aller Pfadabhängigkeiten und Hindernisse gelingen? Und welche Faktoren sind hierfür auf den unterschiedlichen Ebenen und Feldern wie Mobilität, Ressourcenschonung oder...
Persistent link: https://www.econbiz.de/10014363916