Showing 1 - 10 of 161
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …-born by skill level. Specifically, after introducing migration in an augmented Solow-Swan model, we estimate a dynamic panel … model using a system of generalized method of moments (SYS-GMM) to deal with the risk of an endogeneity bias of the …
Persistent link: https://www.econbiz.de/10010442327
The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …
Persistent link: https://www.econbiz.de/10015078172
lobbying, while concentrated landownership slows it down. We explain these patterns in a simple model of structural change … augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and …
Persistent link: https://www.econbiz.de/10014545117
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the …
Persistent link: https://www.econbiz.de/10010201282
and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model … framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic …
Persistent link: https://www.econbiz.de/10012313962
strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that … product markets through creative destruction under learning frictions. In our model, firms with technological advantages ….S. administrative firm-level data, we provide regression results supporting the model predictions. …
Persistent link: https://www.econbiz.de/10015163046
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria …, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions … transitional cycles. The calibrated model shows that multiple equilibria can explain a considerable fraction of the global income …
Persistent link: https://www.econbiz.de/10009130124
and accelerates toward modern growth. Our calibrated model is largely consistent with the set of historical data we have …This paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition … from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative …
Persistent link: https://www.econbiz.de/10009153621
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short …
Persistent link: https://www.econbiz.de/10009154581
In this document, we consider the effects of a land reform on economic and demographic growth by a family …-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to …
Persistent link: https://www.econbiz.de/10010337427