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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)
Heer, Burkhard - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...
Persistent link: https://www.econbiz.de/10012866317
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Technological Growth and Hours in the Long Run : Theory and Evidence
Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik - 2021
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10013222213
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Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link
Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...
Persistent link: https://www.econbiz.de/10014347989
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Labour Markets, Trade and Technological Progress : A Meta-Study
Terzidis, Nikos - 2019
Technological progress and trade potentially affect wages and employment. Technological progress can make jobs obsolete and trade can increase unemployment in import competing sectors. Empirical evidence suggests that both causes are important to explain recent labour market developments in many...
Persistent link: https://www.econbiz.de/10012866562
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Migrant Inventors and the Technological Advantage of Nations
Bahar, Dany - 2019
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the migrants’ receiving countries. We find that countries are 25 to 50 percent more likely to gain advantage in patenting in certain technologies given a twofold increase in the...
Persistent link: https://www.econbiz.de/10012867871
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Structural Transformation of Occupation Employment
Duernecker, Georg; Herrendorf, Berthold - 2021
reallocation of labor from goods-producing to service-producing occupations is a robust feature in censuses from around the world …
Persistent link: https://www.econbiz.de/10013211114
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Energy Efficiency and Directed Technical Change : Implications for Climate Change Mitigation
Casey, Gregory - 2022
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...
Persistent link: https://www.econbiz.de/10013300865
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
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Inequality Undermines Democracy and Growth
Gylfason, Thorvaldur - 2019
growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10012892099
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Top Lights - Bright Cities and Their Contribution to Economic Development
Bluhm, Richard - 2019
The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...
Persistent link: https://www.econbiz.de/10012892172