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outlook. An Algebraic Model of the author infers that Productivity of the assisted nations should be with reference to their …
Persistent link: https://www.econbiz.de/10005556940
The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...
Persistent link: https://www.econbiz.de/10005118855
The aim of this paper is to update the reviews on endogenous growth theories in order to explore whether recent … empirical studies are more supportive of their main predictions. Among the core topics studied in the growth econometric … framework, namely, convergence, identifications of growth determinants and factors responsible of growth differences in the data …
Persistent link: https://www.econbiz.de/10005125606
This paper argues that a significant part of measured TFP differences across countries is attributable not to technological factors that affect the entire economy neutrally, but rather, to variations in the structural composition of economies. In particular, the allocation of scarce inputs...
Persistent link: https://www.econbiz.de/10005126217
the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have … enriched economic growth theory. However, both object- idea gaps, and factor-force specialization do not make explicit intra … growth. Economies with strong positive resource intra- and inter-actions produce more output than others. In fact, intra- and …
Persistent link: https://www.econbiz.de/10005556726
This paper shows that a significant part of measured total factor productivity (TFP) differences across countries is …
Persistent link: https://www.econbiz.de/10005561240
Transitional dynamics in growth models have been subject to much attention recently. With a few exceptions, existing …
Persistent link: https://www.econbiz.de/10005125673
endogenous economic growth. In the 1st part of the paper the basics of the MWR method are described. Attention is mainly … part of the paper is devoted to the setup of a model of endogenous growth with human capital accumulation and the … of the problem which eliminates the growth in variables is then presented and the MWR method is used to solve the model …
Persistent link: https://www.econbiz.de/10005407729
We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …
Persistent link: https://www.econbiz.de/10005412655
The paper develops a Romer-type growth model with a research sector, a manufacturing sector, and a financial sector and … shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … sector and shifts resources out of other sectors of the economy including research, the engine of growth, into the financial …
Persistent link: https://www.econbiz.de/10005412667