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Offshoring domestic jobs : conference paper
Egger, Hartmut; Kreickemeier, Udo; Wrona, Jens - 2013
We set up a two-country general equilibrium model, in which heterogeneous firms from one country (the source country) can offshore routine tasks to a low-wage host country. The most productive firms self-select into offshoring, and the impact on welfare in the source country can be positive or...
Persistent link: https://www.econbiz.de/10010338380
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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 …
Persistent link: https://www.econbiz.de/10011397182
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Heterogeneous bequests and social inequalities
Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...
Persistent link: https://www.econbiz.de/10014384038
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Adverse effects of ultra-loose monetary policies on investment, growth and income distribution
Hoffmann, Andreas; Schnabl, Gunther - 2016
The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the monetary overinvestment theories of Hayek and Mises. We argue that ultra-loose monetary policies create incentives to substitute real investment by financial investment. When...
Persistent link: https://www.econbiz.de/10011428355
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Self-serving dictators and economic growth
Haile, Daniel; Sadrieh, Abdolkarim; Verbon, Harrie - 2003
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple cross-country regression supporting this view. We model an economy with an unequal distribution of property rights, in which...
Persistent link: https://www.econbiz.de/10011404315
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(Re-)distribution of personal incomes, education and economic performance across countries
Rehme, Günther - 2002
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this …
Persistent link: https://www.econbiz.de/10011409838
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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Structural reforms, growth and inequality : an overview of theory, measurement and evidence
Campos, Nauro; De Grauwe, Paul; Ji, Yuemei - 2017
This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...
Persistent link: https://www.econbiz.de/10011780603
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Inequality and growth : the dual role of human capital in development
Eicher, Theo S. - 2000
To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...
Persistent link: https://www.econbiz.de/10009781636
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Alternative social security systems and growth
Kaganovič, Michail I. (contributor);  … - 2008
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
Persistent link: https://www.econbiz.de/10003748178