Showing 1 - 10 of 4,927
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...
Persistent link: https://www.econbiz.de/10014285534
convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …
Persistent link: https://www.econbiz.de/10011399314
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
-skilled labor, this form of globalization can induce labor market effects similar to those caused by skill-biased technical change …
Persistent link: https://www.econbiz.de/10009781633
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10011451098
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
projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …
Persistent link: https://www.econbiz.de/10014292777
We develop a two-sector, two-country model where trade is driven by technological differences. Each country is populated by large number of heterogeneous workers distinguished by their level of skills. Given that one country has a technological advantage in the skilled intensive good when we...
Persistent link: https://www.econbiz.de/10008798818
sector, endogenous fertility, directed technical change and fossil/renewable energy. We estimate the world economy is more … than one trillion dollars smaller, and world population more than 80 million smaller, than would have been the case without …
Persistent link: https://www.econbiz.de/10012138747
The evolution during the Anthropocene is analyzed through the interaction between economic and technological development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density power. The challenge is how to make the rising demand for...
Persistent link: https://www.econbiz.de/10010223439