Showing 1 - 10 of 529
labor laws is to dampen economic growth, laws that govern dismissal of employees are an exception: dismissal laws promote … economic growth, consistent with the evidence that they encourage firm-level innovation. …
Persistent link: https://www.econbiz.de/10004980205
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or local in a large class of models. This Paper estimates the amount of spillovers from R&D expenditures in major industrialized countries on a geographic basis. A new data set is...
Persistent link: https://www.econbiz.de/10005124371
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has … job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth …
Persistent link: https://www.econbiz.de/10005281397
This paper develops a unified model of growth, population, and technological progress that is consistent with long …-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is … population, so that output per capita is stable around a constant level. In the post-Malthusian regime, the growth rates of …
Persistent link: https://www.econbiz.de/10005662118
This paper develops a growth model in which the endogenous evolution of technological progress and wage inequality is …
Persistent link: https://www.econbiz.de/10005662180
This paper examines the historical evolution of the relationship between population growth, technological change, and … the ``Modern Growth Regime". We view the unified modeling of this long transition process - from thousand of years of … Malthusian stagnation through the demographic transition to modern growth - as one of the most significant research challenges …
Persistent link: https://www.econbiz.de/10005791656
This paper reviews key recent literature on the effects of trade liberalisation on poverty in developing countries and asks whether our knowledge has changed significantly over a decade. The conclusion that liberalisation generally boosts income and thus reduces poverty has not changed; some...
Persistent link: https://www.econbiz.de/10011171782
This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...
Persistent link: https://www.econbiz.de/10011084674
According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other … barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If … treatment, liberalizing tariffs on imported capital and intermediate goods, did lead to faster GDP growth, and by a margin …
Persistent link: https://www.econbiz.de/10005666812