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Uncertain technological change under capital mobility
Hek, Paul A. de - 2005
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative …. Empirical studies concerning these two factors indicate that unpredictable variations in economic productivity have a negative …
Persistent link: https://www.econbiz.de/10011343279
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Endogenous technological change under uncertainty
Hek, Paul A. de - 2002
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011326963
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Uncertain technological change under capital mobility
Hek, Paul A. de - 2005
Persistent link: https://www.econbiz.de/10002768341
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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2014
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...
Persistent link: https://www.econbiz.de/10010253459
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Trade and growth under limited liberalization
Bakanova, Marina; Vinhas de Souza, Lúcio - 2002
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...
Persistent link: https://www.econbiz.de/10011326958
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Growth and risk : methodology and micro evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2006 - Rev.
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10011334326
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Convergence, shocks and poverty
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2002
Using a unique panel data set for rural households in Zimbabwe we estimate amicroeconomic model of growth under uncertainty, a stochastic version of the Ramsey modelwith livestock as the single asset. We use the estimation results in simulation experiments(over a 20-year period) to quantify the...
Persistent link: https://www.econbiz.de/10011326975
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Optimal diversity in investments with recombinant innovation
Bergh, Jeroen C. J. M. van den; Zeppini-Rossi, Paolo - 2008
We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...
Persistent link: https://www.econbiz.de/10011377094
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Technological change during the energy transition
Meijden, Gerard van der; Smulders, Sjak - 2014
The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous...
Persistent link: https://www.econbiz.de/10010391526
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Knowledge spillovers and economic growth
Stel, Adriaan J. van; Nieuwenhuijsen, Henry R. - 2002
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not straightforward which type of spillovers is most effective: intra-sectoral spillovers or inter-sectoral spillovers. We investigate this controversy using a model of regional...
Persistent link: https://www.econbiz.de/10011326960