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±gurations, and investigate implications of the initial conditions for convergence and growth. We then proceed to study the … sensitivity of dynamic equilibrium to changes in the population growth rate and explore how differences in demographic … countries that are identical except for population growth rates in much the same way as done in the Heckscher-Ohlin (HO) model …
Persistent link: https://www.econbiz.de/10005537515
This paper investigates the nature of the aggregate production function of health services. We build a model to analyze the role of public policy in determining social health outcomes, taking into account households choices concerning education, health related expenditures and saving. In the...
Persistent link: https://www.econbiz.de/10005706209
I argue that an aggregate model in which the generation of knowledge is an important factor of economic growth can be … productivity even when the generation of knowledge is the predominant channel through which economic growth takes place. The … reconciled with several otherwise puzzling empirical findings on this link if knowledge affects output through investment …
Persistent link: https://www.econbiz.de/10005706272
The one-sector neoclassical growth model (Solow, 1956,RES) can generate only simple dynamics. The dynamic properties of … complex dynamic behaviour. We study some of the properties of a discrete-time version of the two-class model of growth and …
Persistent link: https://www.econbiz.de/10005345243
An economic model of the profit-seeking firm seeking to deploy "Open Source" or "Free" software. Both firms considering "purchase" and development of such software are considered. Open Source software as a public good. Such software is a quasi-public good which will sometimes, but not always,...
Persistent link: https://www.econbiz.de/10005706732
Solow and Hahn proposed an overlapping generations model in 1995 with which to criticize rational expectations. The agents have perfect foresight, but are subjected to an unanticipated shock in the population. The authors showed that the economy couldn't return to the steady state without...
Persistent link: https://www.econbiz.de/10005706500
This paper analyses the sectoral specialisation mechanisms and their effects on growth rate differences providing an … alternative approach to endogenous growth processes. The framework developed relies on a Kaldorian growth model with evolutionary … micro-founded technical change. The paper develops a multi-sectoral growth model. Following the Kaldorian tradition economic …
Persistent link: https://www.econbiz.de/10005706534
This paper deals with an assessment of the economic costs of environmental policies in the Netherlands, using a dynamic Applied General Equilibrium model with bottom-up information on abatement techniques. Empirical abatement cost curves are used to determine substitution possibilities between...
Persistent link: https://www.econbiz.de/10005706545
Persistent link: https://www.econbiz.de/10005706632
the new results it proposes. In line with endogenous growth models with innovation , we define an innovation function of … which inputs consist in R&D efforts and two types of externalities, namely a fishing-out effect (negative) and a knowledge … externality effect (positive). We distinguish quantitative from qualitative growth and we calibrate the model and assess the …
Persistent link: https://www.econbiz.de/10005706717