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The process of economic development is characterized by substantial rural-urban migrations and a decreasing share of agriculture in output and employment. The literature highlights two main engines behind this process of structural change: (i) improvements in agricultural technology combined...
Persistent link: https://www.econbiz.de/10005030884
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short … to heterogeneity in population growth, technical change or progressiveness of income taxes. Our estimated speed of …
Persistent link: https://www.econbiz.de/10008684808
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …
Persistent link: https://www.econbiz.de/10011095489
This paper is no longer available.
Persistent link: https://www.econbiz.de/10010552468
economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of …
Persistent link: https://www.econbiz.de/10009646291
The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, economy-wide barriers to entry...
Persistent link: https://www.econbiz.de/10005703630
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10008836671
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10011265664
reduction in infant mortality or crude death rates exhibited a positive effect on growth in income per capita and increased … population growth. …
Persistent link: https://www.econbiz.de/10009220618
evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …
Persistent link: https://www.econbiz.de/10009646338