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male and female education, and the regressions also suggest that states which have larger gender-gaps in education have …
Persistent link: https://www.econbiz.de/10010605295
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … implication of several versions of endogenous growth theory. To answer the question we use panel data on 93 countries spanning the … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …
Persistent link: https://www.econbiz.de/10011152494
As financial stability has gained focus in economic policymaking, the demand for analyses of financial stability and the consequences of economic policy has increased. Alternative macroeconomic models are available for policy analyses, and this paper evaluates the usefulness of some models from...
Persistent link: https://www.econbiz.de/10010661370
A convergence model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows what k_{t+1} - wealth at t+1 - would be, given k_t, with no shock: It has a positive slope, but its concavity/convexity is indeterminate. The stationary distribution of wealth...
Persistent link: https://www.econbiz.de/10010604867
A convergence model in which wealth accumulation is subject to i.i.d. random shocks is examined. The accumulation functions shows what k_{t+1} - wealth at t+1 - would be given k_t and with no shock. It has a positive slope, but its concavity or convexity is indeterminate. The focus is the...
Persistent link: https://www.econbiz.de/10010605252
potentially useful case study for several reasons.  India has recently been experiencing rapid growth and has several high … India's growth prospects can be enhanced by world leading innovations, this volume placed great emphasis on inclusive …
Persistent link: https://www.econbiz.de/10011004399
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the … questions.  When and where did rapid industrial growth begin in the periphery?  When and where did peripheral growth rates … exceed those in the industrial core?  When was the high-point of peripheral industrial growth?  When and where did it become …
Persistent link: https://www.econbiz.de/10011133061
growth. The results indicate a significant long-run impact of aid on growth, but conditioning aid on `good` policy reduces … the long-run growth rate. …
Persistent link: https://www.econbiz.de/10010605198
We consider theoretically and empirically the allocation of time and money within the household. The novelty of our empirical work is that we have a survey which provides information on both time use and the allocation of some goods within the household, for the same households. We can consider...
Persistent link: https://www.econbiz.de/10005051139
When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least square (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night`s catch, so this would appear to be a good example of a recursive...
Persistent link: https://www.econbiz.de/10005051177