Showing 1 - 10 of 14
By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers’ productivity but also accelerated innovative...
Persistent link: https://www.econbiz.de/10010693473
This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and education decisions. We identify bilateral...
Persistent link: https://www.econbiz.de/10010736743
This study is the first to explore long-run trends of numeracy for the 1820-1949 period in 165 countries, and its contribution to growth. Estimates of the long-run numeracy development of most countries in Asia, the Middle East, Africa, America, and Europe are presented, using age-heaping...
Persistent link: https://www.econbiz.de/10005766164
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
Persistent link: https://www.econbiz.de/10005181262
The paper considers a two-country model of overlapping generations economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of education with and without capital markets integration....
Persistent link: https://www.econbiz.de/10005094431
The paper discusses views on China and India as country role models. In so doing the article recounts the economic and … jeopardize economic performance and development going forward, drawing lessons for other developing countries. …
Persistent link: https://www.econbiz.de/10008738740
performance in the Chinese case as argued by Weitzman in a paper in 1970 discussing the Soviet case. We note in the Chinese case … than below one. We use time series data on labor’s share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a …
Persistent link: https://www.econbiz.de/10009645643
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … China, furthermore, appears to be close to the level associated with optimal speed of transition. …
Persistent link: https://www.econbiz.de/10010877790
Rapid economic development in China in the post-1978 era has been considered ‘intriguing’ and ‘puzzling’ since it … elite are motivated to promote economic development in China. It argues that like politicians in other types of political … regimes, autocratic leaders are interested in high growth rates. It also studies the historical development of China …
Persistent link: https://www.econbiz.de/10008490130
Using a comprehensive firm-level dataset spanning the period 1998-2005, this paper provides a thorough investigation of the relationship between f$
Persistent link: https://www.econbiz.de/10004995235