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Inflation and Endogenous Technological Growth
Mehrez, Gil; Frenkel, Michael - EconWPA - 1998
shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … money substitutes through financial services in an attempt to reduce inflation tax. This increases the size of the financial … of 17 countries which have experienced medium or high inflation. The results strongly support the hypothesis of the …
Persistent link: https://www.econbiz.de/10005412667
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Space, Growth and Technology: an Integrated Dynamic Approach
Gomes, Orlando - EconWPA - 2004
Economic phenomena are interrelated. From a growth perspective, time analysis concerning the choices of present and future consumption and the choices between the allocation of scientific resources should be combined with a space analysis regarding the dissemination of economic activity through...
Persistent link: https://www.econbiz.de/10005124884
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Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
Jones, Garett; Schneider, W. Joel - EconWPA - 2005
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...
Persistent link: https://www.econbiz.de/10005407739
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The Optimal Control of Technology Choices
Gomes, Orlando - EconWPA - 2004
We may distinguish between two concepts of technology: a theoretical level of technology (that is, a technology possibilities frontier) and a level of technology in practice (that is, ready to use in production technology). Having these two concepts in mind, the paper develops an intertemporal...
Persistent link: https://www.econbiz.de/10005408275
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IQ in the Ramsey Model: A Naive Calibration
Jones, Garett - EconWPA - 2005
I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...
Persistent link: https://www.econbiz.de/10005118848
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Embodied technical change in a two-sector AK model
Felbermayr, Gabriel J; Licandro, Omar - EconWPA - 2002
In this paper, we study a two-sector version of the AK model proposed by Rebelo (1991), where constant returns to capital are confined to the investment goods sector. We show that this setup, an endogenous growth extension to the model of Greenwood, Hercowitz, and Krusell (1997), reproduces...
Persistent link: https://www.econbiz.de/10005076755
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On the Distribution of City Sizes
Cordoba, Juan Carlos - EconWPA - 2003
The city size distribution of many countries is remarkably well approximated by a Pareto distribution. We study what constraints this regularity imposes on standard urban models. We find that under general conditions urban models must have (i) a balanced growth path and (ii) a Pareto...
Persistent link: https://www.econbiz.de/10005124889
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THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics
Capolupo, Rosa - EconWPA - 2005
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...
Persistent link: https://www.econbiz.de/10005125606
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Re-formulation of the Solow economic growth model whit the Richards population growth law
Accinelli, Elvio; Brida, Juan Gabriel - EconWPA - 2005
In standard economic growth theory it is usually assumed that labor force follows exponential growth. That is not a realistic assumption. In this paper we introduce a generalized logistic equation (Richards law) that describes more accurately population growth. Then we analyze the neoclassical...
Persistent link: https://www.econbiz.de/10005125626
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Explicit Transitional Dynamics in Growth Models
Xie, Danyang - EconWPA - 2002
Transitional dynamics in growth models have been subject to much attention recently. With a few exceptions, existing studies rely on computational techniques. This paper uses a set of examples to illustrate that qualitative insights on the transitional dynamics can be gained at the expense of...
Persistent link: https://www.econbiz.de/10005125673