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Economic growth and climate change : many trajectories, many destinations

Steger, Thomas M.; Trimborn, Timo - 2024

the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle …

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

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

Can general purpose technology theory explain economic growth? : electrical power as a case study

Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

Persistent link: https://www.econbiz.de/10010252126

Malthus and the industrial revolution : evidence from a time-varying VAR

Rathke, Alexander; Sarferaz, Samad - 2014

population growth over time that feature prominently in Unified Growth Theory. Most remarkably, in contrast to earlier empirical …

Persistent link: https://www.econbiz.de/10010250113

A generalized steady-state growth theorem

Irmen, Andreas - 2013 - This Version: November 8, 2013

Uzawaś steady-state growth theorem (Uzawa (1961)) is generalized to a neoclassical economy that uses current output, e. g., to create technical progress or to manufacture intermediates. The difference between aggregate final-good production and these resources is referred to as net output. The...

Persistent link: https://www.econbiz.de/10010210700

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

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

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

Steady-state growth and the elasticity of substitution

Irmen, Andreas - 2010

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...

Persistent link: https://www.econbiz.de/10003938203

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

Persistent link: https://www.econbiz.de/10011298529