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Growth in the shadows : effect of the shadow economy on U.S. economic growth over more than a century

Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017

This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in … between economic growth and its determinants. Results suggest that prior to WWII the shadow economy had a negative effect on … economic growth; however, post-WWII the shadow economy was beneficial for growth. This ambiguity regarding the overall growth …

Persistent link: https://www.econbiz.de/10011641560

Do better schools lead to more growth? : cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

Persistent link: https://www.econbiz.de/10003920009

Human capital quality and aggregate income differences : development accounting for US states

Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Persistent link: https://www.econbiz.de/10011288586

Head-content or headcount? : Short-term skilled labour movements as a source of growth

Tani, Massimiliano (contributor) - 2006

This paper contributes a theoretical model to study the effects of short-term movements of skilled labour on a country's economic growth. As traditional migration models emphasise the long-term effects of migration on factor endowments, they typically omit the analysis of gross labour flows....

Persistent link: https://www.econbiz.de/10003331854

The evolution of inflation and unemployment : explaining the roaring nineties

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from the interplay between growth and frictions. In particular, we examine the interaction between money growth (on the one hand) and various real and nominal...

Persistent link: https://www.econbiz.de/10003586564

Social attitudes and economic development : an epidemiological approach

Algan, Yann (contributor); Cahuc, Pierre (contributor) - 2007

In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...

Persistent link: https://www.econbiz.de/10003591473

Trends in hours and economic growth

Ngai, Liwa Rachel (contributor); … - 2007

We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...

Persistent link: https://www.econbiz.de/10003523486

Skill-biased change in entrepreneurial technology

Poschke, Markus - 2010

In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...

Persistent link: https://www.econbiz.de/10009011635

Globalization, brain drain and development

Docquier, Frédéric; Rapoport, Hillel - 2011

This paper reviews four decades of economics research on the brain drain, with a focus on recent contributions and on development issues. We first assess the magnitude, intensity and determinants of the brain drain, showing that brain drain (or high-skill) migration is becoming the dominant...

Persistent link: https://www.econbiz.de/10009235188

What do unions do for economic performance?

Hirsch, Barry T. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001799708