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contributes to the polarization of the world income distribution. -- economic growth ; neoclassical convergence ; technological … world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing … growthmodels: (i) the standard neoclassical growth model similar to that employed by Mankiw, Romer, and Weil (1992), (ii) an …
Persistent link: https://www.econbiz.de/10009583880
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new firms enter the market. -- International Trade ; Organization of Production ; Technology Choice ; Division of Labor …
Persistent link: https://www.econbiz.de/10009614300
This paper extends the class of AK models with an explicit solution to the case where there are two capital goods in the model. this extension holds, even if an external effect in the use of human capital in goods production ia assumed.
Persistent link: https://www.econbiz.de/10009626676
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In this paper a two-sector growth model allowing indeterminacy to occur at relatively mild degrees of increasing …. -- Sunspots ; technology shocks ; economic fluctuations ; Dunlop-Tarshis-puzzle …
Persistent link: https://www.econbiz.de/10009659067
To assess the predictive content of the interest rate term spread for future economic growth, we distinguish short … predictive content of the yield spread for future output growth. For U.S. data we observe good leading indicator properties at …
Persistent link: https://www.econbiz.de/10009617950
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
entry can either reverse or intensify this result. -- International Trade ; Organization of Production ; Technology Choice …
Persistent link: https://www.econbiz.de/10009613595
In mathematical finance diffusion models are widely used and a variety of different parametric models for the drift and diffusion coefficient coexist in the literature. Since derivative prices depend on the particular parametric model of the diffusion coefficient function of the underlying, a...
Persistent link: https://www.econbiz.de/10009622677