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modifications of the conventional theory. Firstly, multiple feedback mechanisms or "growth engines" are identified. Secondly, a …
Persistent link: https://www.econbiz.de/10011303864
This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10011335211
This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).
Persistent link: https://www.econbiz.de/10011377604
capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of …
Persistent link: https://www.econbiz.de/10011333258
investment in research and development and the growth rate of theeconomy. …
Persistent link: https://www.econbiz.de/10011317468
Persistent link: https://www.econbiz.de/10010191264
endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary … relationship between domestic and foreign investment. Vertical multinational activity, in contrast, leads to either a … substitutional or complementary relationship between domestic and foreign investment, depending on the firms' technologies. We test …
Persistent link: https://www.econbiz.de/10011377536
Persistent link: https://www.econbiz.de/10003813742
We develop a two-sector endogenous growth model with a dual labour market resulting from the presence of an effort extraction function in one sector. Effort of workers can be influenced by pay and monitoring. This results in an endogenous non-competitive wage differential between sectors and a...
Persistent link: https://www.econbiz.de/10011326411
Division of labor models have become a standard analytical tool, along withcompetitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical...
Persistent link: https://www.econbiz.de/10010372840