Showing 1 - 10 of 568
of knowledge and technology in economic growth. …This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has … guided that empirical analysis. The paper argues that recent studies of economic growth - both empirical and theoretical …
Persistent link: https://www.econbiz.de/10005792232
much better than the Barro and Lee (1996) or Nehru et al (1995) series in a number of growth specifications. We interpret … the (lack of) relationship between educational investment and growth. Using our preferred empirical specification, we also …
Persistent link: https://www.econbiz.de/10005666682
develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from …
Persistent link: https://www.econbiz.de/10005667004
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and … process of technological catch-up. The results indicate that the impact of R&D investment on growth has been significant … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …
Persistent link: https://www.econbiz.de/10005791633
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
our series and a number of previously available data sets and examine their performance in several growth specifications … growth regressions. Using an extension of the classical errors in variables model, we construct a set of meta-estimates of …
Persistent link: https://www.econbiz.de/10005498069
. Growth is sustained by the development of new varieties of intermediate goods. Innovation is risky and the probability of … faster growth. Under plausible assumptions, the resulting changes in factor prices lower the relative cost of monitoring …
Persistent link: https://www.econbiz.de/10005114230
This Paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global … geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering … egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10005136721
illustrate their significance for growth accounting using the well known model of Greenwood, Hercowitz and Krusell (1997), who … find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we … post-war US growth. …
Persistent link: https://www.econbiz.de/10005025514
, the cross-sectional behaviour of the world economy is similar to that of existing exogenous growth models. Cross … terms of trade. Our estimates imply that, all else equal, a 1% faster growth is associated with approximately a 0.7% decline …
Persistent link: https://www.econbiz.de/10005662414