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Ideas for Growth?
Maré, David. C. - EconWPA - 2004
There is much talk of the knowledge economy, and the central role of ideas and knowledge in generating economic growth. This paper provides a brief review of the economic literature on how skills/ knowledge/ ideas might contribute to higher output or higher rates of growth. Ideas are...
Persistent link: https://www.econbiz.de/10005118849
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The technological theory of production and a method of decomposition of the rate of GDP in terms of labour and capital services
Pokrovski, Vladimir - EconWPA - 2003
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
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An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy
Harashima, Taiji - EconWPA - 2005
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...
Persistent link: https://www.econbiz.de/10005126406
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Endogenous Growth Models in Open Economies: A Possibility of Permanent Current Account Deficits
Harashima, Taiji - EconWPA - 2005
The paper explores the impacts of heterogeneity in degree of relative risk aversion on the balance on current account in a two-country endogenous growth model. It concludes that, like the heterogeneity of demographic changes, the heterogeneity in degree of relative risk aversion generates...
Persistent link: https://www.econbiz.de/10005062580
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A New Asymptotically Non-Scale Endogenous Growth Model
Harashima, Taiji - EconWPA - 2004
The paper explores an endogenous growth model in which scale effects asymptotically vanish and an economy grows without population growth. The key mechanism behind these features is substitution between investing in capital and in knowledge when firms face growing uncompensated knowledge...
Persistent link: https://www.econbiz.de/10005556039
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R&D? A Small Contribution to Productivity Growth
Comin, Diego - EconWPA - 2003
In this paper I evaluate the contribution of R&D investments to productivity growth. The basis for the analysis are the free entry condition and the fact that most R&D innovations are embodied. Free entry yields a relationship between the resources devoted to R&D and the growth rate of...
Persistent link: https://www.econbiz.de/10005561080
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Policy Uncertainty and Long-Run Investment and Output across Countries
Jeong, Byeongju - EconWPA - 2001
in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …
Persistent link: https://www.econbiz.de/10005407527
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MODELLING ECONOMIC FLUCTUATIONS IN SUBSAHARAN AFRICA:A VECTOR AUTOREGRESSIVE APPROACH
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004
trends in output, consumption and investment) to provide new evidence on this question(using subsaharan africa as a case …
Persistent link: https://www.econbiz.de/10005412719
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Growth, private investment and reforms : A comparative perspective
KAMEL, Ghazouani - EconWPA - 2005
In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian …
Persistent link: https://www.econbiz.de/10005556730
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Growth and Convergence across the U.S: Evidence from County-Level Data
Higgins, Matthew; Levy, Daniel; Young, Andrew - EconWPA - 2005
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...
Persistent link: https://www.econbiz.de/10005076836