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Persistent link: https://www.econbiz.de/10001763878
total factor productivity growth and levels of investment. Political instability is also found to influence levels of …
Persistent link: https://www.econbiz.de/10005401582
Persistent link: https://www.econbiz.de/10002672080
Using cross-country data, we review the empirical evidence concerning long-term labor and total factor productivity … the crucial role for physical capital accumulation in enhancing labor productivity growth and develop a role for human …
Persistent link: https://www.econbiz.de/10005078273
This paper examines the economic effects of tax reform in an endogenous growth model that allows for two types of useful public expenditures; one type contributes to human capital information while the other provides direct utility to households. We show that the optimal fiscal policy calls for...
Persistent link: https://www.econbiz.de/10010702310
productivity growth than the leader nation. ; We derive a nonlinear specification for total factor productivity growth that nests … total factor productivity growth well. 22 of the 27 nations that we identify as lacking the critical human capital levels … needed to achieve faster total factor productivity growth than the leader nation in 1960 did achieve lower growth over the …
Persistent link: https://www.econbiz.de/10005401541
Parents with higher education levels have children with higher education levels. However, is this because parental education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely that more able individuals who have higher education...
Persistent link: https://www.econbiz.de/10005401581
This paper develops a quantitative general equilibrium model to assess the growth effects of adopting a flat tax plan similar to the one proposed by Hall and Rabushka (1995). Using parameters calibrated to match the progressivity of the U.S. tax schedule and other features of the U.S. economy,...
Persistent link: https://www.econbiz.de/10005401583
productivity growth than the leader nation. ; We derive a nonlinear specification for total factor productivity growth that nests … total factor productivity growth well. 22 of the 27 nations that we identify as lacking the critical human capital levels … needed to achieve faster total factor productivity growth than the leader nation in 1960 did achieve lower growth over the …
Persistent link: https://www.econbiz.de/10010702180
Parents with higher education levels have children with higher education levels. However, is this because parental education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely that more able individuals who have higher education...
Persistent link: https://www.econbiz.de/10010702195