Showing 1 - 10 of 170
We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … off-shoring") is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way … productivity growth is there with our direct measures based on input-output data but disappears when either a broad measure or the …
Persistent link: https://www.econbiz.de/10010264353
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10010270563
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10010273729
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a flat tax in achieving redistributive objectives with the least cost to labour market performance. We do so by using a detailed applied general equilibrium model for the...
Persistent link: https://www.econbiz.de/10010275867
In this paper we present a new database that allows deep industry-level growth accounting from 1991-2003. The database … types in 52 different industries. The industry sources of productivity and output growth are crucial to the understanding of … enables researchers to develop an adequate picture of the sources of growth using standard growth accounting techniques. We …
Persistent link: https://www.econbiz.de/10010264067
of organization of major interest groups has an impact on political outcomes and, in addition, allows for strategic … interaction among major interest groups. We decompose the overall inefficiency into three components: (i) a fundamental time … unavoidable conflict of interest. A numerical exercise (based on OECD data) shows that the distributional-conflict inefficiency …
Persistent link: https://www.econbiz.de/10010264137
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in … parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of ?2 percentage points implying effects on income per capita as …
Persistent link: https://www.econbiz.de/10010264144
strengthens in the process of endogenous growth and moreover that it pushes the optimal trade-off between quantity and quality of … in relation to GDP growth. Countering this trend would therefore require an increase in the share of GDP spent on basic …
Persistent link: https://www.econbiz.de/10010264532
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … allows tracking student achievement across countries, over time, and along the within-country distribution. Extensive … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …
Persistent link: https://www.econbiz.de/10010274159