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Innovation, Diffusion, and Trade
Eaton, Jonathan - 2006
We explore the determinants of research specialization across countries and its consequences for relative wages. Using … research regardless of trade barriers or research productivity. As long as trade barriers are not too high, faster diffusion … shifts research activity toward the country that does it better. This shift in research activity raises the relative wage …
Persistent link: https://www.econbiz.de/10012466280
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Labor Market Dynamics When Ideas are Harder to Find
Bilal, Adrien; Engbom, Niklas; Mongey, Simon; Violante, … - National Bureau of Economic Research - 2021
This paper evaluates the impact of slowing economic growth on labor market dynamism and misallocation. It provides a model of endogenous growth via imitation in a frictional labor market. The framework accounts for rich data on worker job-to-job transitions as well as stochastic and lifecycle...
Persistent link: https://www.econbiz.de/10012696388
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U.S. Growth in the Decade Ahead
Feldstein, Martin S. - 2010
Not all of that extra output will remain in the United States. If the trade deficit is reduced by three percent of GDP, the rise in exports and decline in imports will reduce output available for U.S. consumption and investment by about 0.3 percent a year
Persistent link: https://www.econbiz.de/10012462967
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The Demise of U.S. Economic Growth : Restatement, Rebuttal, and Reflections
Gordon, Robert J. - 2014
occur over the next few decades, including medical research, small robots, 3-D printing, big data, driverless vehicles, and …
Persistent link: https://www.econbiz.de/10012458768
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The Outlook for Long-Term Economic Growth
Jones, Charles I. - National Bureau of Economic Research - 2023
What are the prospects for economic growth in the United States and other advanced countries over the next several decades? U.S. growth for the past 150 years has been surprisingly stable at 2% per year. Growth theory reveals that in the long run, growth in living standards is determined by...
Persistent link: https://www.econbiz.de/10014337880
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Education, Participation, and the Revival of U.S. Economic Growth
Jorgenson, Dale W. - 2016
Labor quality growth captures the upgrading of the labor force through higher educational attainment and greater experience. We find that average levels of educational attainment of new entrants remain high, but will no longer continue to rise. Growing educational attainment will gradually...
Persistent link: https://www.econbiz.de/10012456224
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Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence
Madsen, Jakob - 2012
Recent medical research shows that health is highly influential for learning and the ability to think laterally …
Persistent link: https://www.econbiz.de/10012460199
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Growth and Business Cycles
Jones, Larry - 2000
Our purpose in this paper is to present a class of convex endogenous growth models, and to analyze their performance in terms of both growth and business cycle criteria. The models we study have close analogs in the real business cycle literature. In fact, we interpret the exogenous growth rate...
Persistent link: https://www.econbiz.de/10012471134
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The Past and Future of Economic Growth : A Semi-Endogenous Perspective
Jones, Charles I. - National Bureau of Economic Research - 2021
research effort; this is the essence of semi-endogenous growth theory. This paper interprets past and future growth from a semi …, declining misallocation, and rising (global) research intensity, implying that frontier growth could slow markedly in the future … researchers. Throughout, the paper highlights many opportunities for further research …
Persistent link: https://www.econbiz.de/10012616574
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Human Capital and Economic Growth
Mincer, Jacob - 1981
Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and...
Persistent link: https://www.econbiz.de/10012478310