Showing 1 - 10 of 14
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. We expand the...
Persistent link: https://www.econbiz.de/10011259657
This paper attempts to identify the areas that are still lagging behind other parts of the country in terms of literacy levels and are unable to play their role in the velopment of human capital of the country. The analyses indicate that more than 75 per cent of the districts in the country are...
Persistent link: https://www.econbiz.de/10005790213
I explore the effect of skill-biased technological change on long-run inequality by building a model where the supply of skilled and unskilled workers, the cost of education, and credit rationing are endogenous. In the model, the existence of unequal steady states does not depend on the degree...
Persistent link: https://www.econbiz.de/10008645084
Empirical evidence suggests that natural resources breed corruption and reduce educational attainments, dampening economic growth. The theoretical literature has treated these two channels separately, with natural resources affecting growth either through human capital or corruption. In this...
Persistent link: https://www.econbiz.de/10011109055
The paper presents results of a study which estimates the impact of human capital on growth in Bulgaria over the period 2000-12. The empirical models are based on the extended Cobb-Douglas production with three inputs ─ labor, physical capital and human capital. Export and Foreign Direct...
Persistent link: https://www.econbiz.de/10011110835
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such as Morocco has reached a minimal level of human...
Persistent link: https://www.econbiz.de/10011114394
This paper estimates production functions for Greek regions over 1981-2003, using a novel human capital dataset. We construct rich human capital series, where data for employees are decomposed according to their education level. Our empirics include recent non-stationary panel techniques,...
Persistent link: https://www.econbiz.de/10011114516
development stimulates economic growth for the case of Portugal. Foreign direct investment also good promoter of economic growth …
Persistent link: https://www.econbiz.de/10009325604
The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …
Persistent link: https://www.econbiz.de/10011259176
The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …
Persistent link: https://www.econbiz.de/10010729014