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depends also on the productivity of the religious sector, offers interesting future research opportunities. …
Persistent link: https://www.econbiz.de/10005118941
There is a wide consensus that New Zealand’s productivity has been poor despite the comprehensive market …-oriented reforms of the 1980’s. This consensus is based on estimates of New Zealand’s productivity growth measured either in terms of … GDP per capita or total factor productivity (TFP). TFP is typically computed using growth accounting (i.e., calibrating a …
Persistent link: https://www.econbiz.de/10005556741
development across most of human history induced growth theorists to advance an alternative theory that captures in a single … between these distinct regimes. Unified growth theory reveals the underlying micro foundations that are consistent with the … growth process over the entire history of the human species, enhancing the confidence in the viability of the theory, its …
Persistent link: https://www.econbiz.de/10005062763
theorists to advance an alternative theory that captures in a single unified framework the epoch of Malthusian stagnation, the … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory … species, enhancing the confidence in the viability of the theory, its predictions and its policy implications for the growth …
Persistent link: https://www.econbiz.de/10005556052
productivity in transition. The results that are obtained are not in support of the theoretical findings of growth theory that … human capital is a major determinant of growth and productivity. However, eventually we continue to believe that the reasons … for this misfit to theory lie in the very nature of data and not in the specifics of the methodology used. …
Persistent link: https://www.econbiz.de/10005062742
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/10005556098
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10005118707
production model, which forms the foundation for Solow's growth theory and research into productivity growth factors, such as …
Persistent link: https://www.econbiz.de/10005119096
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
a theory which links the institutional framework to the long-run composition of the economy, and thereby to measured TFP …
Persistent link: https://www.econbiz.de/10005126217