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Energy Consumption and Economic Growth Revisited in African Countries
Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011
The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...
Persistent link: https://www.econbiz.de/10009320785
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The Agricultural Origins of Time Preference
Galor, Oded; Özak, Ömer - CESifo - 2015
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...
Persistent link: https://www.econbiz.de/10011167137
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Fertility, Mortality, and the Developed World’s Demographic Transition
Fehr, Hans; Jokisch, Sabine; Kotlikoff, Laurence - CESifo - 2004
This study uses Fehr, Jokisch, and Kotlikoff’s (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world’s demographic transition. The model features three regions – the U.S., Japan, and the EU-15 – and incorporates age-...
Persistent link: https://www.econbiz.de/10005094438
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On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting
Abío, G.; Mahieu, Geraldine; Patxot, Cio - CESifo - 2003
In order to help in designing an accurate pension reform, we determine the resource allocation in an endogenous fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We analyze the problem of the optimal solution and...
Persistent link: https://www.econbiz.de/10005196215
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Population, Pensions, and Endogenous Economic Growth
Heer, Burkhard; Irmen, Andreas - CESifo - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10005406263
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Population Aging and the Direction of Technical Change
Irmen, Andreas - CESifo - 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10008572495
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Does Parental Education Affect Fertility? Evidence from Pre-Demographic Transition Prussia
Becker, Sascha O.; Cinnirella, Francesco; Woessmann, Ludger - CESifo - 2011
While women's employment opportunities, relative wages, and the child quantity-quality trade-off have been studied as factors underlying historical fertility limitation, the role of parental education has received little attention. We combine Prussian county data from three censuses - 1816,...
Persistent link: https://www.econbiz.de/10009020793
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Demographic Transition and Political Stability: Does Corruption Matter?
Farzanegan, Mohammad Reza; Witthuhn, Stefan - CESifo - 2014
A demographic transition resulting from an increase in the size of the young working age population can be a blessing or a curse for economic performance. We focus on the political stability effects of a larger youth population and hypothesize that corruption matters in this nexus. Using panel...
Persistent link: https://www.econbiz.de/10011103400
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Optimal Pensions in Aging Economies
Heer, Burkhard - CESifo - 2015
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the payas-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates the...
Persistent link: https://www.econbiz.de/10011163065
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Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends
Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …
Persistent link: https://www.econbiz.de/10010641423