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where domestic innovation has to be complemented by the role played by international technology transfer. In the second part … skills. In particular, the prescriptions by the conventional trade theory will be contrasted with a view taking into account … technology transfer, labor-saving technological progress and skill-enhancing trade. …
Persistent link: https://www.econbiz.de/10011916217
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
endogenous growth approach - will be contrasted with the Schumpeterian and evolutionary views pointing to the role of … capabilities and knowledge, considered as key inputs to foster economic growth. Then, attention will be turned to structural change …
Persistent link: https://www.econbiz.de/10010350349
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous … more often than young ones, when deciding whether to update or not a technology: there is an equilibrium where the creative … simulations of the model. -- TFP growth ; unemployment by age ; old workers' employment rate ; capitalization ; creative …
Persistent link: https://www.econbiz.de/10003778484
the labor force. Using Solow growth and endogenous growth models, we show that the labor market need not contain all the … is meant to ensure that unemployment is not trended in response to growth in the capital stock, the labor force, or …
Persistent link: https://www.econbiz.de/10011412072
observed medical technologies by country. Our second set of regressions proxy technology using a spatial process. The paper … expectancy are significant and point to the existence of interdependence across countries in technology adoption. Furthermore …
Persistent link: https://www.econbiz.de/10009232283
This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...
Persistent link: https://www.econbiz.de/10003656920
planner is interested in the average technology whereas the private researcher is interested in the leading edge technology …
Persistent link: https://www.econbiz.de/10011401108
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
Persistent link: https://www.econbiz.de/10003527555