Showing 1 - 10 of 294
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10008680898
Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With …
Persistent link: https://www.econbiz.de/10010884121
The present paper provides an overview of literature on the shift to services. It follows the three dimensions of structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first looks at the ‘classics’, however (Fisher (1935),...
Persistent link: https://www.econbiz.de/10005233801
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some …
Persistent link: https://www.econbiz.de/10005762378
source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth … and growth developed by Klette and Kortum (2004). The data set is a panel of Danish firms than includes information on … implications for the aggregate growth rate and the contribution of worker reallocation to it. …
Persistent link: https://www.econbiz.de/10005703179
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10005822889
for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …
Persistent link: https://www.econbiz.de/10005070416
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010790517
growth, but they may provide relief from stress, support to family members and increased wellbeing. We argue that the value …
Persistent link: https://www.econbiz.de/10010658711
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …
Persistent link: https://www.econbiz.de/10008615448