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Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Slack and Economic Development

Walker, Michael W.; Shah, Nachiket; Miguel, Edward; … - National Bureau of Economic Research - 2024

Slack - the underutilization of factors of production - varies systematically with economic development. Using novel and detailed measures of the utilization of labor and capital from a large representative sample of firms in rural and urban Kenya, we show that utilization is increasing in firm...

Persistent link: https://www.econbiz.de/10015094897

Structural Change Within versus Across Firms : Evidence from the United States

Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022

We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' "auxiliary" establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated...

Persistent link: https://www.econbiz.de/10013334346

Tertiarization Like China

Chen, Xilu; Pei, Guangyu; Song, Zheng Michael; … - National Bureau of Economic Research - 2022

We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....

Persistent link: https://www.econbiz.de/10013334489

Global Universal Basic Skills : Current Deficits and Implications for World Development

Gust, Sarah; Hanushek, Eric Alan; Woessmann, Ludger - National Bureau of Economic Research - 2022

How far is the world away from ensuring that every child obtains the basic skills needed to be internationally competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional achievement tests, we map achievement onto a common...

Persistent link: https://www.econbiz.de/10013435128

Population and Welfare : The Greatest Good for the Greatest Number

Adhami, Mohamad; Bils, Mark; Jones, Charles I.; Klenow, … - National Bureau of Economic Research - 2023

kids associated with rising time investment per child …

Persistent link: https://www.econbiz.de/10014447320

Measuring Economic Growth with a Fully Identified Three-Signal Model

Civelli, Andrea; Gaduh, Arya; Yousuf, Ahmed Sadek - National Bureau of Economic Research - 2023

We augment Henderson, Storeygard, and Weil (2012)'s two-signal model of true income growth with a third signal to overcome its underidentification problem. The additional moment conditions from the third signal help fully identify all model parameters without ad-hoc calibrations of the GDP's...

Persistent link: https://www.econbiz.de/10014322903

Transformative and Subsistence Entrepreneurs : Origins and Impacts on Economic Growth

Akcigit, Ufuk; Alp, Harun; Pearce, Jeremy; Prato, Marta - National Bureau of Economic Research - 2025

This paper explores the symbiotic relationship between transformative entrepreneurs and inventors, which is crucial for economic growth. We utilize microdata from Denmark to demonstrate that while the relationship between IQ and general entrepreneurship tends to be negative, it is strongly...

Persistent link: https://www.econbiz.de/10015409797

Capital formation and economic growth : a conference of the Universities-National Bureau Committee for Economic Research ; a report of the National Bureau of Economic Research, New York

Universities National Bureau Committee for Economic Research - 1957 - 2. pr

Persistent link: https://www.econbiz.de/10013328931

Financial Liberalization in Latin-America in the 1990s : A Reassessment

Aizenman, Joshua - 2005

scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and … polarization would induce consumers to be more cautious in increasing their saving and investment rates following a reform. Hence …

Persistent link: https://www.econbiz.de/10012467540