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The relationship between economic growth and democracy : alternative representations of technological change

Heshmati, Almas; Kim, Nam-Seok - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10011704213

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10009425734

Estimation of technical change and TFP growth based on observable technology shifters

Heshmati, Almas; Rashidghalam, Masoomeh - 2016

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...

Persistent link: https://www.econbiz.de/10011595871

Skill complementarity in production technology : ew empirical evidence and implications

Stoyanov, Andrey; Zubanov, Nick - 2019

Matched worker-firm data from Danish manufacturing reveal that 1) industries differ in within-firm worker skill dispersion, and 2) the correlation between within-firm skill dispersion and productivity is positive in industries with higher average skill dispersion. We argue that these patterns...

Persistent link: https://www.econbiz.de/10012024633

Technical progress and induced innovation in China : a variable profit function approach

Wong, K. K. Gary; Fleisher, Belton M.; Min Qiang Zhao; … - 2020

We propose a new methodology to estimate empirically the input price-induced technical change and total factor productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical change in China has been induced by sharp increase in...

Persistent link: https://www.econbiz.de/10012179650

Productivity, welfare and reallocation : theory and firm-level evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009

We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...

Persistent link: https://www.econbiz.de/10003925275

Technical change and total factor productivity growth for Chinese provinces : a panel data analysis

Shiu, Alice (contributor); Heshmati, Almas (contributor) - 2006

We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …

Persistent link: https://www.econbiz.de/10003323158

Technical change and total factor productivity growth : the case of Chinese provinces

Heshmati, Almas; Kumbhakar, Subal - 2010

In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...

Persistent link: https://www.econbiz.de/10003941555

Constitutions and economic development: evidence from the American Indian Nations

Akee, Randall; Jorgensen, Miriam; Sunde, Uwe - 2012

This paper presents an empirical examination of economic and institutional development. Utilizing a novel data set on American Indian tribal nations, we investigate how constitutional design affects economic development, while holding the broader legal and political environment fixed....

Persistent link: https://www.econbiz.de/10009575381

Integrated macroeconomic production function for open economies : a new Schumpeterian Solow model for globalization

Welfens, Paul J. J. - 2016

important new insights for many fields: The estimation of the production potential in an open economy, growth decomposition …

Persistent link: https://www.econbiz.de/10011452235

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