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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
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Discrete Innovation, Continuous Improvement, and Competitive Pressure
Ghosh, Arghya; Kato, Takao; Morita, Hodaka - Institute for the Study of Labor (IZA) - 2007
between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … improvements and modifications made upon the existing technology. This paper shows that distinguishing between these two types of …
Persistent link: https://www.econbiz.de/10005822187
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Solow or Lucas? Testing Speed of Convergence on a Panel of OECD Countries
Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Institute for the Study of Labor (IZA) - 2010
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by them as regards the relationship between factor shares and...
Persistent link: https://www.econbiz.de/10008684808
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ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration
Chinn, Menzie D.; Fairlie, Robert W. - Institute for the Study of Labor (IZA) - 2006
this expansion in technology adoption rates, penetration rates differ markedly between developed and developing countries …, telephone density, legal quality and banking sector development are associated with technology penetration rates. Overall, the … countries. Estimates from Blinder-Oaxaca decompositions reveal that the main factors responsible for low rates of technology …
Persistent link: https://www.econbiz.de/10005566818
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Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations
Ashraf, Quamrul; Galor, Oded - Institute for the Study of Labor (IZA) - 2012
-industrial times (i.e., prior to the advent of airborne transportation technology) has had a persistent negative impact on the extent …
Persistent link: https://www.econbiz.de/10009646291
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Unemployment, Growth and Fiscal Policy: New Insights on the Hysteresis Hypothesis
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 2004
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and balanced budget rules cause a complementarity between capital and employment capable of explaining the existence of multiple equilibrium paths. Hysteresis is viewed as the result...
Persistent link: https://www.econbiz.de/10005822131
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The Long-Run Effects of Mortality Decline in Developing Countries
Lehmijoki, Ulla; Palokangas, Tapio K. - Institute for the Study of Labor (IZA) - 2011
Since World War II, mortality has declined in the developing world. This paper examines the effects of this mortality decline on demographic and economic growth by a family-optimization model, in which fertility is endogenous and wealth yields utility through its status. The decline in mortality...
Persistent link: https://www.econbiz.de/10008788725
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Growth, Development, and Technological Change
Grossmann, Volker; Steger, Thomas M. - Institute for the Study of Labor (IZA) - 2007
wage inequality, long-run divergence between the innovating North and the imitating South due to inappropriate technology …
Persistent link: https://www.econbiz.de/10005703181
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Entrepreneurial Innovation and Sustained Long-Run Growth without Weak or Strong Scale Effects
Grossmann, Volker - Institute for the Study of Labor (IZA) - 2008
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth (“strong scale effect”) or the level of per capita income (“weak scale effect”), with far-reaching policy implications. However, for modern times there is little empirical...
Persistent link: https://www.econbiz.de/10005763914
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Quantifying Optimal Growth Policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Institute for the Study of Labor (IZA) - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10008550514