Similar Search Results

Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector

Welfens, Paul J. J. - 2015

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

Persistent link: https://www.econbiz.de/10010510592

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10011412072

Culture, entrepreneurship, and growth

Doepke, Matthias; Zilibotti, Fabrizio - 2013

We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....

Persistent link: https://www.econbiz.de/10009757305

Are intellectual property rights fair?

Saint-Paul, Gilles - 2002

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

Persistent link: https://www.econbiz.de/10011415064

Quantifying optimal growth policy

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10003976826

Unemployment and productivity growth : an empirical analysis within the augmented Solow model

Bräuninger, Michael; Pannenberg, Markus - 2000

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of unemployment on productivity growth heavily depends...

Persistent link: https://www.econbiz.de/10011325983

Capital-labor substitution, structural change and growth

Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2015

There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...

Persistent link: https://www.econbiz.de/10010501861

Integration, labor market regulation, lobbying, and technological change

Palokangas, Tapio K. - 2009

This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house R&D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...

Persistent link: https://www.econbiz.de/10003830286

Employment protection, product market competition and growth

Koeniger, Winfried - 2002

It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and … negative correlation between employment protection and growth. We show in a model with step-by-step innovations that whether … employment protection decreases incentives to innovate and thus productivity growth depends on the degree of product market …

Persistent link: https://www.econbiz.de/10011412718

Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth

Richter, Wolfram F.; Braun, Christoph - 2009

accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified … if selfish individuals externalize the positive effect of education on descendents' productivity. It is shown to be … second best not to distort education if the human capital investment function is isoelastic. If the function is not …

Persistent link: https://www.econbiz.de/10003926427