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Technology (and Policy) Shocks in Models of Endogenous Growth
Jones, Larry E. - 1999
when we move from a world of perfect certainty to one with uncertainty that resembles the average uncertainty in a large …
Persistent link: https://www.econbiz.de/10012471733
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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
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Finance and Growth : Theory and Evidence
Levine, Ross - 2004
is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …
Persistent link: https://www.econbiz.de/10012467924
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International Technology Diffusion
Keller, Wolfgang - 2001
I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review the major concepts, and how international technology...
Persistent link: https://www.econbiz.de/10012470145
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The World Income Distribution
Acemoglu, Daron - 2001
trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world … country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross …
Persistent link: https://www.econbiz.de/10012470646
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Capital Goods Imports and Long-Run Growth
Lee, Jong-Wha - 1994
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85,...
Persistent link: https://www.econbiz.de/10012474203
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Risk-Taking, Global Diversification, and Growth
Obstfeld, Maurice - 1992
an attendant world portfolio shift from safe, but low-yield, capital into riskier, high-yield capital. The presence of … of specialized, hence inherently risky, production inputs. A partial calibration exercise based on Penn World Table …
Persistent link: https://www.econbiz.de/10012474882
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Human Capital And Growth : Theory and Evidence
Romer, Paul M. - 1989
This paper outlines a theoretical framework for thinking about the role of human capital in a model of endogenous growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles like education and experience on the one hand, and...
Persistent link: https://www.econbiz.de/10012475868
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Immigration, Human Capital Formation and Endogenous Economic Growth
Ehrlich, Isaac - 2015
Census data from international sources covering 77% of the world's migrant population indicate that the skill …
Persistent link: https://www.econbiz.de/10012456971
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On the Measurement of the International Propagation of Shocks
Rigobon, Roberto - 1999
In this paper I offer an alternative identification assumption that allows one to test for changing patterns regarding the international propagation of shocks when endogenous variables, omitted variables, and heteroskedasticity are present in the data. Using this methodology, I demonstrate that...
Persistent link: https://www.econbiz.de/10012471430