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The sustainability of Chinese growth and the aggregate factor substitution elasticity

Whalley, John; Xing, Chunbing - 2012

than below one. We use time series data on labor's share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a … sustainability of high Chinese growth. -- China ; growth ; sustainability ; substitution elasticity …

Persistent link: https://www.econbiz.de/10009490607

Sustainability of an economy relying on two reproducible assets

Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2017

Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an economy composed of two reproducible assets, each...

Persistent link: https://www.econbiz.de/10011597303

Green national accounting for welfare and sustainability : a taxonomy of assumptions and results

Asheim, Geir B. - 2002

This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability accounting. I consider five different assumptions that can be imposed independently of each other, producing 32 different combinations. This taxonomy is used to organize results...

Persistent link: https://www.econbiz.de/10011514087

The circular economy

Fullerton, Don - 2024

Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...

Persistent link: https://www.econbiz.de/10014529224

The greener, the higher : labor demand of automotive firms during the green transformation

Fackler, Thomas; Falck, Oliver; Goldbeck, Moritz; Hans, … - 2024

We investigate differences in labor demand between German automotive firms specializing in green propulsion technology and those with a focus on combustion engines. To this end, we introduce a firm-level labor demand index based on the near-universe of online job postings and firms’ patent...

Persistent link: https://www.econbiz.de/10014551870

What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

Afonso, António (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003641707

Political stability and fiscal policy : time series evidence for the Swiss federal level since 1849

Feld, Lars P.; Schaltegger, Christoph A. - 2009

This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...

Persistent link: https://www.econbiz.de/10003854439

Ageing and the welfare state : securing sustainability

Meier, Volker; Werding, Martin - 2010

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

Persistent link: https://www.econbiz.de/10003928767

Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint

Legrenzi, Gabriella Deborah; Milas, Costas - 2010

We apply non-linear error-correction models to the empirical testing of the sustainability of the government's intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its intertemporal budget constraint, in spite of the high levels of...

Persistent link: https://www.econbiz.de/10003936661

The economic consequences of rising US government debt: privileges at risk

Bohn, Henning - 2010

The rapidly growing federal government debt has become a concern for policy makers and the public. Yet the U.S. government has seemingly unbounded access to credit at low interest rates. Historically, Treasury yields have been below the growth rate of the economy. The paper examines the...

Persistent link: https://www.econbiz.de/10003974641

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