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allows us to estimate the model in the structural form suggested by theory. The methodology is applied to micro data from a …
Persistent link: https://www.econbiz.de/10011334326
uncertainty, a stochastic version of the Ramsey modelwith livestock as the single asset. We use the estimation results in …
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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
. However, studies that use panel models or IV estimation yield smaller coefficients of net migration while the opposite is the …
Persistent link: https://www.econbiz.de/10011377819
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
Persistent link: https://www.econbiz.de/10011334858
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We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It …
Persistent link: https://www.econbiz.de/10010253459