Showing 1 - 10 of 38
In this paper, we construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components of our...
Persistent link: https://www.econbiz.de/10010710590
The nineteenth century was a time of substantial changes in the patterns of economic growth. This was also a period of … patterns of economic growth and political voice are not coincidental. In this paper we develop a general equilibrium model of … implemented policies. In turn, these policies influence the character of economic growth. We find in the social structure of …
Persistent link: https://www.econbiz.de/10010851332
of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life … of the first generation subject to achieving a given, constant rate of growth in all subsequent generations. Hence, our … paths entailing very low emissions in the future, positive rates of growth in QuoL are possible while the first generation …
Persistent link: https://www.econbiz.de/10010547230
empirical evidence, we develop a simple model combining the standard Ak growth model with the tax evasion phenomenon. When …
Persistent link: https://www.econbiz.de/10010547491
In this paper we derive the general framework for growth models with non competitive labor and output markets and … disequilibrium unemployment. For the three standard ways of generating savings, the framework makes clear how capital growth depends … we analyze the long run relationship between growth and unemployment for some standard wage setting rules: constant real …
Persistent link: https://www.econbiz.de/10010692003
show that the two measures behave differently in standard growth regressions and argue that this is because the standard … model is a mis-specification in this context. Casualties appear to affect growth more in smaller populations. We argue that …
Persistent link: https://www.econbiz.de/10010851411
long before technological growth became rapid. Europe in 1500 was already twice as rich on a per capita basis as Africa …
Persistent link: https://www.econbiz.de/10010851348
switching to a flexible-base quantity index to measure GDP growth. We argue this is a welfare measure of output growth. In a two …-sector endogenous growth model, we use the Bellman equation to explicitly represent preferences on consumption and investment, we apply …
Persistent link: https://www.econbiz.de/10010851356
endogenous growth model where selection and imitation play a fundamental role in helping capital good producers to learn about … relevant for the embodied capital literature, among them the growth rate of the relative investment price, the model … size distribution. In line with the previous literature, it also predicts a contribution to productivity growth of embodied …
Persistent link: https://www.econbiz.de/10010851389
relative prices. We show that this second force a¤ects the growth rate if the two consumption goods are not Edgeworth … exhibits striking differences with the growth model with a single consumption good. We also show that these differences in the …
Persistent link: https://www.econbiz.de/10011019693