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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2015
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … 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 …
Persistent link: https://www.econbiz.de/10011397182
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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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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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Switching-track after the great recession
Vinci, Francesca; Licandro, Omar - 2021
We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...
Persistent link: https://www.econbiz.de/10012533939
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Productive government expenditure and economic growth
Irmen, Andreas (contributor); Kuehnel, Johanna (contributor) - 2008
Persistent link: https://www.econbiz.de/10003712517
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Growth and the ageing Joneses
Fisher, Walter H. (contributor); Heijdra, Ben J. (contributor) - 2008
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10003790968
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Fiscal competition in space and time : an endogenous-growth approach
Becker, Daniel Thomas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003499558
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Growth effects of spatial redistribution policies
Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana Cosmina - 2012
Regional income disparities have increased in many European countries recently, even as national and supra-national policy instruments were created to correct them. To explain these evolutions, we develop a two-region, two-sector model with migration and public investment in infrastructure and...
Persistent link: https://www.econbiz.de/10009488855
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Capital-labor substitution, structural change and growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10011482690
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Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects
Grossmann, Volker (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662975