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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—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...
Persistent link: https://www.econbiz.de/10014495766
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Technological progress and investment : microeconomic foundations and macroeconomic implications
Boucekkine, Raouf; Cruz, Bruno de Oliveira - 2015
This paper presents a non-technical overview of the recent investment literature with a special emphasis on the … connection between technological progress and the investment decision. First of all, we acknowledge that some dramatic advances …. Nonetheless, this new literature has not satisfactorily accounted for the investment-specific (or embodied) nature of technical …
Persistent link: https://www.econbiz.de/10012038731
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Public capital and private investment, a real option approach
Cruz, Bruno de Oliveira; Pommeret, Aude - 2015
In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of … public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital … equilibrium analysis, as it is standard in models of irreversible investment under uncertainty. Even under uncertainty, the …
Persistent link: https://www.econbiz.de/10012038764
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Trend growth expectations and US house prices before and after the crisis
Hoffmann, Mathias; Krause, Michael; Laubach, Thomas - 2012
-rational movements, using a two-sector business cycle model, in which investment in housing is subject to collateral constraints. A large …
Persistent link: https://www.econbiz.de/10009528869
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Inflation and growth : new evidence from a dynamic panel threshold analysis
Kremer, Stephanie; Bick, Alexander; Nautz, Dieter - 2009
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...
Persistent link: https://www.econbiz.de/10003876000
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Patience and comparative development
Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2021
lens for these patterns, we analyze an OLG model in which savings and education decisions are endogenous to patience …
Persistent link: https://www.econbiz.de/10013189598
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Consumption-led expansions are toxic for future output growth
Virén, Matti E. E. - 2022
growth compared with investment-led or exports-led growth. The same qualitative result emerges irrespectively of the length …
Persistent link: https://www.econbiz.de/10013440345
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Consumption-led expansions are toxic for future output growth
Virén, Matti E. E. - 2022
growth compared with investment-led or exports-led growth. The same qualitative result emerges irrespectively of the length …
Persistent link: https://www.econbiz.de/10014551580
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Domestic saving and investment revised : can the Feldstein-Horioka equation be used for policy analysis?
Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2015
Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …
Persistent link: https://www.econbiz.de/10012038727
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A dynamic theory of the Feldstein-Horioka puzzle and financial frictions : re-estimation of the saving retention coefficient
Takahashi, Harutaka - 2020
Persistent link: https://www.econbiz.de/10012582699