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capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …. However, the growth impact of immigration is small even in countries that have highly selective migration policies …
Persistent link: https://www.econbiz.de/10013020582
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/10005000394
expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channelin a new … 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 …
Persistent link: https://www.econbiz.de/10005406263
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/10010580969
economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …
Persistent link: https://www.econbiz.de/10009645638
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …
Persistent link: https://www.econbiz.de/10005765950
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … literature describes are the more stable political institutions, and these have been found to play no role in empirical growth …
Persistent link: https://www.econbiz.de/10009021242
is found that patents ought to be weaker, the more intense competition, the higher R&D productivity, and the more … intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot … and growth carries over to the Cournot set-up …
Persistent link: https://www.econbiz.de/10013316194
economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of …. Therefore, future research ought to focus more on idea-based endogenous growth models to check the robustness of policy …
Persistent link: https://www.econbiz.de/10013316522
suggests that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap … the Global Financial Crisis, I show that tight credit reduced investments in productivity-enhancement, and significantly … slowed down output growth between 2010 and 2015. A partial-equilibrium aggregation exercise suggests GDP would be at least 3 …
Persistent link: https://www.econbiz.de/10012964611