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for illustrative purposes. The resulting dynamics reproduce a long period of stagnant growth as well as an endogenous and … rapid transition to a situation characterized by permanent growth. This transition can be interpreted as industrial …
Persistent link: https://www.econbiz.de/10005822453
formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern … growth regime in which lower net fertility is associated with the acquisition of human capital and improved living standards …
Persistent link: https://www.econbiz.de/10005763470
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
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
literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …
Persistent link: https://www.econbiz.de/10011214035
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … production in the more flexible sector more intensive in the input that becomes more abundant. As a result, growth rates of …
Persistent link: https://www.econbiz.de/10011214040
economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …
Persistent link: https://www.econbiz.de/10005703181
Skill-biased technical change is usually interpreted in terms of the efficiency parameters of skilled and unskilled labor. This implies that the relative productivity of skilled workers changes proportionally in all tasks. In contrast, we argue that technical changes also affect the curvature of...
Persistent link: https://www.econbiz.de/10005822997
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …
Persistent link: https://www.econbiz.de/10005763914
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures …
Persistent link: https://www.econbiz.de/10008550514