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The economic impact of non-communicable disease in China and India : estimates, projections, and comparisons
Bloom, David E.; Cafiero, Elizabeth T.; McGovern, Mark E.; … - 2013
This paper provides estimates of the economic impact of non-communicable diseases (NCDs) in China and India for the period 2012-2030. Our estimates are derived using WHO's EPIC model of economic growth, which focuses on the negative effects of NCDs on labor supply and capital accumulation. We...
Persistent link: https://www.econbiz.de/10009792518
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Intra-industry trade, involuntary unemployment and macroeconomic stability
Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021
indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …
Persistent link: https://www.econbiz.de/10012419065
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Structural change and the Kaldor facts of economic growth
Foellmi, Reto; Zweimüller, Josef - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10011410954
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Human capital formation, life expectancy and the process of economic development
Cervellati, Matteo; Sunde, Uwe - 2003 - (Updated May 2003)
This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of human capital formation, technological progress, and the biological constraint of finite lifetime expectancy. All these processes are interdependent and determined endogenously. The...
Persistent link: https://www.econbiz.de/10011413569
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Monopsony in growth theory
Garibaldi, Pietro; Turri, Enrico D. - 2024
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...
Persistent link: https://www.econbiz.de/10015078172
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Household debt and crises of confidence
Hintermaier, Thomas; Koeniger, Winfried - 2015
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in a collateral constraint. Over a specific range of debt...
Persistent link: https://www.econbiz.de/10011347156
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Entrepreneurship and the business environment in Africa : an application to Ethiopia
Brixiova, Zuzana; Ncube, Mthuli - 2013
Since mid-2000s, Ethiopia has been one of the fastest growing countries in the world. However, productive entrepreneurship in high-value added activities has made limited contributions to this growth, in part because of a weak business environment. Moreover, the low-productive firms in the...
Persistent link: https://www.econbiz.de/10009787342
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The complexity of economic policy : I. Restricted local optima in tax policy design
Saint-Paul, Gilles - 2002
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10011411222
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The motherhood wage and income traps
Barigozzi, Francesca; Cremer, Helmuth; Thibault, Emmanuel - 2023
, and working mothers are on a path toward a high-wage equilibrium, slow convergence can permanently lose earnings. We use …
Persistent link: https://www.econbiz.de/10014250085
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The role of demographics in precipitating crises in financial institutions
Macunovich, Diane J. - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319