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An endogenous growth model with renewable and nonrenewable Intermediate Goods (IGs) is developed to study the exogenous environmental quality effects on technological-knowledge bias and on Final-Good (FG) sector bias. Solving the transitional dynamics numerically and removing the scale effects,...
Persistent link: https://www.econbiz.de/10010976527
The Perpetual Inventory Model (PIM) assumes that, in each period, an arbitrary constant fraction of technological-knowledge stock is lost. We give a theoretical background to the PIM by showing that the technological-knowledge accumulation follows a dynamic process with an endogenous...
Persistent link: https://www.econbiz.de/10009207767
The explanation of the recent increase in intra-country wage inequality in favour of high-skilled labour has been dominated by two explanations: skill-biased technological change (SBTC) and international trade (IT) liberalization. Since few empirical studies have tried to assess both...
Persistent link: https://www.econbiz.de/10010741133
The recent widening of intra-country wage inequality in favour of high-skilled labour has been attributed by some authors to Skill-Biased Technological Change (SBTC) and by others to International Trade (IT) liberalization. As few empirical studies have tried to assess both explanations across a...
Persistent link: https://www.econbiz.de/10008674395