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Structural change, urban congestion, and the end of growth

Grossmann, Volker - 2011

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population density. We show that endogenous technological progress causes structural change if there are positive productivity spillovers from the modern to the traditional sector and Engel's...

Persistent link: https://www.econbiz.de/10010278842

Anti-competitive conduct, in-house R&D, and growth

Grossmann, Volker; Steger, Thomas M. - 2007

Incumbent firms have two basic possibilities to improve their competitive position in the product market: investment in R&D and the creation of entry barriers to the disadvantage of potential rivals, e.g. through lobbying activities, campaign contributions, bribes or the adoption of incompatible...

Persistent link: https://www.econbiz.de/10010264105

How to promote R&D-based growth? : public education expenditure on scientists and engineers versus R&D subsidies

Grossmann, Volker - 2004

evaluates the positive and normative implications of R&D subsidies and compares them with the effects of public education policy … engineering (S&E) skills, where individuals endogenously choose the type of education, and allows for heterogeneity in individual … publicly provided education targeted to S&E skills. Finally, the optimal structure of public education spending on different …

Persistent link: https://www.econbiz.de/10010261221

Do employers discriminate less if vacancies are difficult to fill? Evidence from a field experiment

Baert, Stijn; Cockx, Bart; Gheyle, Niels; Vandamme, Cora - 2013

We empirically test the relationship between hiring discrimination and labour market tightness at the level of the occupation. To this end, we conduct a correspondence test in the youth labour market. In line with theoretical expectations, we find that, compared to natives, candidates with a...

Persistent link: https://www.econbiz.de/10010291494

Growth, development, and technological change

Grossmann, Volker; Steger, Thomas M. - 2007

structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

Persistent link: https://www.econbiz.de/10010264065

Should continued family firms face lower taxes than other estates?

Grossmann, Volker; Strulik, Holger - 2008

Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...

Persistent link: https://www.econbiz.de/10010264315

Distributional effects of surging housing costs under Schwabe's Law

Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019

The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...

Persistent link: https://www.econbiz.de/10012052790

Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects

Grossmann, Volker - 2008

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth (strong scale effect) or the level of per capita income (weak scale effect), with far-reaching policy implications. However, for modern times there is little empirical support for...

Persistent link: https://www.econbiz.de/10010264334

Quantifying optimal growth policy

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010

The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10010276785

Dynamically optimal R&D subsidization

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010

Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...

Persistent link: https://www.econbiz.de/10010276787