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Rent seeking, capital accumulation, and macroeconomic growth

Heijdra, Ben J.; Heijnen, Pim - 2023

We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...

Persistent link: https://www.econbiz.de/10014431164

Does public education expansion lead to trickle-down growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...

Persistent link: https://www.econbiz.de/10010417999

Do we still need carbonIntensive capital when transitioning to a green economy?

Jin, Wei; Ploeg, Frederick van der; Zhang, Lin - 2020

This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...

Persistent link: https://www.econbiz.de/10012383739

Automation, economic growth, and the labor share - a comment on Prettner (2019)

Heer, Burkhard; Irmen, Andreas - 2019 - This Version: June 24, 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012031062

Economic growth and climate change : many trajectories, many destinations

Steger, Thomas M.; Trimborn, Timo - 2024

To gain insights into the mechanisms that shape the interaction between economic growth and climate change, we analyze the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle-point stable steady states, a property that carries...

Persistent link: https://www.econbiz.de/10014514947

The great divergence : a network approach

Lindner, Ines; Strulik, Holger - 2015

knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development. …

Persistent link: https://www.econbiz.de/10011397182

Education, growth and income inequality

Teulings, Coen N.; Rens, Thijs van - 2002

When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...

Persistent link: https://www.econbiz.de/10011408972

Climate damages in convergence-consistent growth projections

Harding, Tony; Moreno Cruz, Juan; Quaas, Martin F.; … - 2023

Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...

Persistent link: https://www.econbiz.de/10014292777

Energy efficiency and directed technical change : implications for climate change mitigation

Casey, Gregory - 2022

I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on ﬁnal-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...

Persistent link: https://www.econbiz.de/10012817938

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/10012038982

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