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economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of …
Persistent link: https://www.econbiz.de/10009530812
Output per worker is lower in poor countries than in rich countries, and relatively more so in the agricultural sector. Sorting of heterogeneous workers can contribute to explain this fact if comparative and absolute advantage are aligned in agriculture, implying that average productivity in...
Persistent link: https://www.econbiz.de/10012153418
The disparities in cross-country labor productivity are greater in agriculture than in other industries. I propose that the misallocation of female talent across sectors distorts productivity. I formalize the theory by using a general equilibrium Roy model with gender-specific frictions. If...
Persistent link: https://www.econbiz.de/10014394245
Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...
Persistent link: https://www.econbiz.de/10012802404
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … 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
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust …
Persistent link: https://www.econbiz.de/10009763283
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment … 2008 economic collapse and under the current multicurrency regime. While overvaluation hampers GDP growth, as well as … growth and employment in export sectors, we have not found that undervaluation would raise it. Replacing the multicurrency …
Persistent link: https://www.econbiz.de/10010398776
We examine the relationship between wealth and health through prominent growth indicators and cognitive ability … relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings … data for the 1980-2009 period. We conclude that the relationship between all prominent growth indicators and BMI is inverse …
Persistent link: https://www.econbiz.de/10012623829
In this paper we review the literature on the impact that monetary policy has on growth and employment in developing … sometimes on output (GDP) levels and volatility of output. This survey of the literature on Monetary policy and growth shows … that money plays a small role in developing countries and that monetary policy is not a very important influence on growth …
Persistent link: https://www.econbiz.de/10011988624
Korea imports all of its primary energy, which leads to high dependency and vulnerability related to its energy supply. Efficiency in the use of energy is a way to reduce dependency and emissions. This study provides empirical results of the stochastic production process in energy use. Special...
Persistent link: https://www.econbiz.de/10010339594