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material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …
Persistent link: https://www.econbiz.de/10005230919
that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution … on life expectancy. It also shows that, in such a case, greener preferences are growth- and welfare-improving even if the …
Persistent link: https://www.econbiz.de/10005385426
opportunity cost of motherhood connected to higher female labour participation is responsible for the fall in fertility. On the …
Persistent link: https://www.econbiz.de/10008465534
accumulation and inflation with endogenous fertility, i.e. endogenous population growth. The model establishes an inverse relation … money. A higher monetary growth rate increases fertility, since it reduces its opportunity cost, and hence diminishes … between capital-labour ratio and population growth, which represents the crucial element for having non-superneutrality of …
Persistent link: https://www.econbiz.de/10005570242
to strictly exogenous. This model is applied to estimate a female participation equation with endogenous fertility and … exogenous fertility movements. The results indicate that assuming the exogeneity of fertility induces a downward bias in … absolute value in the estimated negative effect of fertility on participation, although the failure to account for unobserved …
Persistent link: https://www.econbiz.de/10005385429
standard multisector growth model accommodating these features to show that inefficient intermediate production strongly …
Persistent link: https://www.econbiz.de/10009421237
In the current age of trade and financial openness, local economies in developing countries are becoming increasingly exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide an insight into the interaction between external...
Persistent link: https://www.econbiz.de/10008674328
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...
Persistent link: https://www.econbiz.de/10010701057
-type growth model for Germany that integrates a detailed bottom-up energy system module, coupled by a hard link. The model …
Persistent link: https://www.econbiz.de/10009650284
endogenous growth based on human capital accumulation is used to numerically simulate the growth effects of different … environmental tax to reduce wage tax and increase the proportion of public spending within GDP, enhances both growth and welfare in …
Persistent link: https://www.econbiz.de/10010904908