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Existing growth research provides little explanation for the very large differences in long-run growth performance … across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of … economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible …
Persistent link: https://www.econbiz.de/10010274864
the data on the quantity of schooling which have been most commonly used in the growth literature. This paper describes … variables in empirical analyses of the determinants of income and welfare levels and growth rates. A final section investigates …
Persistent link: https://www.econbiz.de/10013312626
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10012492951
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10013251267
retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate …
Persistent link: https://www.econbiz.de/10010263920
growth. …
Persistent link: https://www.econbiz.de/10010274187
achievement can account for a majority of international differences in economic growth and that institutional features of school …
Persistent link: https://www.econbiz.de/10010274188
the data on the quantity of schooling which have been most commonly used in the growth literature. This paper describes … variables in empirical analyses of the determinants of income and welfare levels and growth rates. A final section investigates …
Persistent link: https://www.econbiz.de/10012799737
economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …
Persistent link: https://www.econbiz.de/10010264065
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …
Persistent link: https://www.econbiz.de/10010264334