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Public Education Expenditure, Growth and Welfare
Angelopoulos, Konstantinos; Malley, Jim; … - 2021
education spending is justified by externalities in human capital. Our base calibration, based on moderate sized human capital …
Persistent link: https://www.econbiz.de/10013316996
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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
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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
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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
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Fiscal Competition in Space and Time : An Endogenous-Growth Approach
Becker, Daniel Thomas; Rauscher, Michael - 2021
Is tax competition good for economic growth? The paper addresses this question by means of a simple model of endogenous growth. There are many small jurisdictions in a large federation and individual governments benevolently maximise the welfare of immobile residents. Investment is costly:...
Persistent link: https://www.econbiz.de/10013316964
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Poverty and Individual Responsibility
Piacquadio, Paolo G. - 2020
Poverty-reducing policies ought to prioritize the "deserving" poor, that is, those who do all that can be reasonably … a theory of justice accommodating norms of individual responsibility. I propose and axiomatically characterize a family … of poverty indices that address these issues. Formally, poverty is measured by the sum of specific indices of individual …
Persistent link: https://www.econbiz.de/10012838242
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When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story
Biancini, Sara; Venet, Baptiste; Ettinger, David - 2021
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to lend money to wealthier borrowers rather than to the very poor. We focus on the relationship between MFIs and external funding institutions. We assume that both the MFIs and...
Persistent link: https://www.econbiz.de/10013245624
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Minimum Wage, Trade and Unemployment in General Equilibrium
Marjit, Sugata - 2020
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012841731
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Energy Efficiency in General Equilibrium with Input-Output Linkages
Blackburn, Christopher J. - 2020
respond to efficiency innovations. In a calibrated simulation, we find variation in these centrality concepts explains between …
Persistent link: https://www.econbiz.de/10012844213
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A General Equilibrium Theory of Occupational Choice Under Optimistic Beliefs About Entrepreneurial Ability
Dell'Era, Michele - 2019
to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean …
Persistent link: https://www.econbiz.de/10012892272