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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
Persistent link: https://www.econbiz.de/10008520100
für langfristiges Wirtschaftswachstum sei. Im folgenden Jahr konnte er nachweisen, dass sich das Wirtschaftswachstum der … Solow-Modell und das Solow-Residuum. Für entwicklungspolitische Debatten haben die beiden Begriffe in den 90er Jahren vor …
Persistent link: https://www.econbiz.de/10008520262
Most empirical studies of long run growth refer to one of the two seminal contributions by Robert Solow (1956, 1957). His work shows that in order to estimate the relative roles of factor accumulation and technology in development, an a priori identification assumption is needed about the nature...
Persistent link: https://www.econbiz.de/10008520292
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/10008520310
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n.a.
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. Dies beginnt sich seit einigen Jahren mit dem Aufkommen der "neuen" Wachstumstheorie zu ändern. Deren Implikationen stützen …
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