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Engineering growth : innovative capacity and development in the Americas
Maloney, William F.; Caicedo, Felipe Valencia - 2017
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the …
Persistent link: https://www.econbiz.de/10011602763
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Population, pensions, and endogenous economic growth
Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10003791799
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Trade union objectives and economic growth
Irmen, Andreas; Wigger, Berthold U. - 2001
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an...
Persistent link: https://www.econbiz.de/10011399719
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Green paradox and directed technical change : the effect of subsidies to clean R&D
Daubanes, Julien; Grimaud, André; Rougé, Luc - 2013
We borrow standard assumptions from the non-renewable-resource-taxation and from the directed-technical-change literatures, to take a full account of the incentives to perform R&D activities in a dirty-resource sector and in a clean-resource-substitute sector. We show that a gradual rise in the...
Persistent link: https://www.econbiz.de/10009769158
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Fueling growth when oil peaks : directed technological change and the limits to efficiency
Jarque Andrés, Francisco; 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 growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10009659333
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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
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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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Redistributive income taxation with directed technical change
Loebbing, Jonas - 2020
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/10012383718
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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Endogenous task-based technical change : factor scarcity and factor prices
Irmen, Andreas - 2020
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012200235