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Factor Shares and Savings In Endogenous Growth

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 1991

This paper studies the distributive effects of growth when different agents' income is drawn from accumulated and non-accumulated factors of production in different proportions. It also notes that political interactions may contribute to determine factor shares and growth when income sources are...

Persistent link: https://www.econbiz.de/10005791498

Education, Social Cohesion and Economic Growth

Gradstein, Mark; Justman, Moshe - C.E.P.R. Discussion Papers - 2001

Analysis of the contribution of education to growth through its role in promoting a common culture indicates that when …

Persistent link: https://www.econbiz.de/10005791673

Education, Income Distribution, and Growth: The Local Connection

Bénabou, Roland - C.E.P.R. Discussion Papers - 1994

emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

Persistent link: https://www.econbiz.de/10005661649

The Evolution of Modern Educational Systems: Technical Vs. General Education, Distributional Conflict and Growth

Bertocchi, Graziella; Spagat, Michael - C.E.P.R. Discussion Papers - 1998

and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is … best summarized by the ratio of vocational to general education, which we interpret as a measure of the degree of … vocational education at the expense of general. …

Persistent link: https://www.econbiz.de/10005504686

Economic growth and the rise of political extremism: theory and evidence

Brückner, Markus; Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2010

In many western democracies, political parties with extreme platforms challenge more moderate incumbents. This paper analyses the impact of economic growth on the support for extreme political platforms. We provide a theoretical argument in favor of growth effects (as opposed to level effects)...

Persistent link: https://www.econbiz.de/10008530375

Nonlinear Dynamics, Spillovers and Growth in the G7 Economies: An Empirical Investigation

Sarno, Lucio - C.E.P.R. Discussion Papers - 2000

This paper proposes an empirical growth model which is consistent with a stochastic steady-state labour productivity level varying over time and across countries, where the disequilibrium mechanism leading to long-run equilibrium follows a nonlinear equilibrium correction model. Using data for...

Persistent link: https://www.econbiz.de/10005123970

Is Fixed Investment the Key to Economic Growth?

Blomström, Magnus; Lipsey, Robert E; Zejan, Mario - C.E.P.R. Discussion Papers - 1993

This paper examines shares of fixed capital formation in GDP and rates of economic growth for more than 100 countries over successive five-year periods between 1965 and 1985 to determine the direction of causality between them. Simple regressions and multiple regressions including several...

Persistent link: https://www.econbiz.de/10005123986

Endogenous Growth and Stochastic Trends

Fatás, Antonio - C.E.P.R. Discussion Papers - 1996

This paper shows that there exists a strong positive correlation between long-term growth rates and the persistence of output fluctuations in a cross section of countries. We argue that the traditional explanation of persistence, a real business cycles model with exogenous productivity shocks,...

Persistent link: https://www.econbiz.de/10005124049

Does the 'New Economy' Measure up to the Great Inventions of the Past?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

Many observers have declared the ‘New Economy’ to be an Industrial Revolution even more important than the Second Industrial Revolution of 1860-1900, and this Paper raises doubts about this comparison. It shows that the recent acceleration in productivity growth in the US economy can be...

Persistent link: https://www.econbiz.de/10005124176

Interpreting the 'One Big Wave' in US Long-Term Productivity Growth

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th century, then acceleration peaking in 1928-50, and then a deceleration to a slow rate after 1972 that returns...

Persistent link: https://www.econbiz.de/10005124204