Showing 1 - 10 of 504
dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …
Persistent link: https://www.econbiz.de/10010264503
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …
Persistent link: https://www.econbiz.de/10010276228
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531854
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10010288473
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010531867
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the … challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda … change by means of a dynamic endogenous growth model, with Norway as a numerical case. Human capital has two main roles in …
Persistent link: https://www.econbiz.de/10012493003
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the … challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda … change by means of a dynamic endogenous growth model, with Norway as a numerical case. Human capital has two main roles in …
Persistent link: https://www.econbiz.de/10013249658
By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers' productivity but also accelerated innovative...
Persistent link: https://www.econbiz.de/10010323011
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011615894
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the …
Persistent link: https://www.econbiz.de/10012052836