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We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
power. The challenge is how to make the rising demand for economic growth, mainly coming from developing and emerging …
Persistent link: https://www.econbiz.de/10010223439
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014383297
and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and …
Persistent link: https://www.econbiz.de/10003986863
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …
Persistent link: https://www.econbiz.de/10012817938
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011602763
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … interaction generates a balanced growth path that is observationally equivalent to that of the standard neoclassical growth model …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor …
Persistent link: https://www.econbiz.de/10014583789
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …
Persistent link: https://www.econbiz.de/10010518804
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10011450868
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …
Persistent link: https://www.econbiz.de/10012195896