Similar Search Results

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

Distribution and growth in an economy with limited needs

Saint-Paul, Gilles - 2001

reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity …

Persistent link: https://www.econbiz.de/10011398011

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

The productivity slowdown and the declining labor share : a neoclassical exploration

Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; … - 2017

We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation à la Ben Porath (1967) and capital-skill complementarity à la Grossman et...

Persistent link: https://www.econbiz.de/10011743152

Something out of nothing? : Neoclassical growth and the "trivial" steady state

Hakenes, Hendrik (contributor); Irmen, Andreas (contributor) - 2006

A common perception about the neoclassical growth model is that an economy devoid of capital cannot evolve to strictly positive levels of output if capital is essential. We challenge this view by positing a broad class of production functions, encompassing the neoclassical production function,...

Persistent link: https://www.econbiz.de/10003301114

Immigration and economic growth in the OECD countries 1986 - 2006

Boubtane, Ekrame; Dumont, Jean-Christophe; Rault, Christophe - 2015

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986-2006 and relies on a unique data set we compiled that allows us to distinguish net migration of the native- and foreign-born populations by skill level. Specifically, after...

Persistent link: https://www.econbiz.de/10010533072

Incentives to work and performance in the public sector

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2015

This paper develops a dynamic general equilibrium model with three distinct social groups, capitalists, private workers and public employees. After solving for the status quo equilibrium, which can mimic the advantages of employment in the public sector in most EU countries, the paper looks for...

Persistent link: https://www.econbiz.de/10010477149

An empirical growth model for major oil exporters

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012

This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...

Persistent link: https://www.econbiz.de/10009518225

Optimal growth and impatience : a phase diagram analysis

Chang, Fwu-ranq (contributor) - 2004

In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a...

Persistent link: https://www.econbiz.de/10002523969

Growth and enduring epidemic diseases

Bell, Clive (contributor); Gersbach, Hans (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364203

1
2
3
4
5
6
7
8
9
10
Next
Last