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The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects

Bye, Brita; Faehn, Taran - 2021

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 for the coming decades. We study how more and better...

Persistent link: https://www.econbiz.de/10013249658

Climate Change Expectations and Endogenous Economic Growth in the Dice Model

Ciesielski, Anna - 2019

This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...

Persistent link: https://www.econbiz.de/10012865176

Optimal Linear Income Taxation and Education Subsidies Under Skill-Biased Technical Change

Jacobs, Bas; Thuemmel, Uwe - 2021

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

Skilled Immigration, Task Allocation and the Innovation of Firms

Mayda, Anna Maria; Orefice, Gianluca; Santoni, Gianluca - 2022

This paper analyses the impact of skilled migrants on the innovation (patenting) activity of French firms between 1995 … district and firm level. Large, high-productivity and capital-intensive firms benefit the most, in terms of innovation activ …. Through this channel, greater innovation is the result of productivity gains from specialization …

Persistent link: https://www.econbiz.de/10014241996

Redistributive Income Taxation with Directed Technical Change

Loebbing, Jonas - 2021

What are the implications of (endogenous) directed technical change for the design of redistributive income taxes? I study this question in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. Under certain conditions, any progressive tax...

Persistent link: https://www.econbiz.de/10013314849

Fueling growth when oil peaks: Directed technological change and the limits to efficiency

André, Francisco J.; Smulders, Sjak - 2012

While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource … scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous …

Persistent link: https://www.econbiz.de/10010289359

Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital

Malley, Jim - 2011

Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...

Persistent link: https://www.econbiz.de/10013120659

Estimated Human Capital Externalities in an Endogenous Growth Framework

Malley, James R. - 2019

To better understand the quantitative implications of human capital externalities at the aggregate level, we estimate a two-sector endogenous growth model with knowledge spill-overs. To achieve this, we account for trend growth in a model consistent fashion and employ a Markov-chain Monte-Carlo...

Persistent link: https://www.econbiz.de/10012871759

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

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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