Showing 1 - 10 of 345
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … sustainability of high Chinese growth. … Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth …
Persistent link: https://www.econbiz.de/10009645643
This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
Persistent link: https://www.econbiz.de/10005196200
We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it is optimal to tax the risky labor income and subsidize capital, while a...
Persistent link: https://www.econbiz.de/10009293486
Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing...
Persistent link: https://www.econbiz.de/10010643335
Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing...
Persistent link: https://www.econbiz.de/10013315787
We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it is optimal to tax the risky labor income and subsidize capital, while a...
Persistent link: https://www.econbiz.de/10013315974
This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, we mean that the public good is produced by private providers with the government financing their costs. When the model is calibrated to match...
Persistent link: https://www.econbiz.de/10009150635
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. Although the improved growth performance has helped to improve human development and reduce poverty, poverty levels remain high … in many countries and more needs to be done to make growth more “inclusive”.In the second part we estimate the trend …
Persistent link: https://www.econbiz.de/10010641423
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/10008727279
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly …
Persistent link: https://www.econbiz.de/10010697223