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factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …
Persistent link: https://www.econbiz.de/10009395928
We consider whether Sub-Saharan African (SSA) countries are mainly poor because they are governed worse than other countries, as suggested by recent studies on the supremacy of institutions. Our empirical results show that the supremacy of institutions does not hold. SSA countries appear to face...
Persistent link: https://www.econbiz.de/10010886842
We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values …, capital mobility has a large impact on income growth. …
Persistent link: https://www.econbiz.de/10010955648
influence on a city's economic growth, while financial knowledge spillovers have a significant but negative effect on a city …'s economic growth. Thirdly, the tendency towards agglomeration in the financial services industry in a few major cities is clear …
Persistent link: https://www.econbiz.de/10010956148
of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes … growth potential derived from the region's favourable endowment with human capital and implementing growth-enhancing economic …
Persistent link: https://www.econbiz.de/10009276484
neoclassical growth model. …
Persistent link: https://www.econbiz.de/10009276754
fallacies and (ii) not really helpful for discriminating between neoclassical and endogenous growth models. …
Persistent link: https://www.econbiz.de/10009277800
In order to investigate the effectiveness of science and technology industrial parks (STIPs), this study examines data on high-tech firms within and outside the STIPs in China, while paying special attention to the issues related to agglomeration and congestion. The main finding is that the...
Persistent link: https://www.econbiz.de/10008728025
educational factors on economic growth. First an overview of the market for skills and the evolution of labour productivity in … Germany is given. Then the stylized facts of the German case are analyzed using a modified growth model featuring overlapping … generations. It is shown that societies facing a demographic shock basically have two options. They either accept the growth …
Persistent link: https://www.econbiz.de/10005755177
constrained the opportunities of innovative firms for equity-based growth and the incentives for academic brains to set up in …
Persistent link: https://www.econbiz.de/10005755259