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Knowledge Growth and the Allocation of Time
Lucas, Robert E, Jr - 2011
We analyze a model economy with many agents, each with a different productivity level. Agents divide their time between two activities: producing goods with the production-related knowledge they already have, and interacting with others in search of new, productivity-increasing ideas. These...
Persistent link: https://www.econbiz.de/10012461162
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Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach
Doppelhofer, Gernot - 2000
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10012471000
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Bribery-export nexus under the firm's growth obstacles
Trang Hoai Phan; Stachuletz, Rainer - In: Economies : open access journal 10 (2022) 2, pp. 1-26
Business bribery is a particularly serious problem in the integration era. First, this article investigates the effects of institutional obstacles on firms' bribery in 131 countries classified by nation income groups. Through the appropriate proposal of fitting functions, the relationship...
Persistent link: https://www.econbiz.de/10012800924
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Empirical analysis of the impact of education on economic growth
Ziberi, Besime Fekri; Rexha, Donat; Ibraimi, Xhemazie; … - In: Economies : open access journal 10 (2022) 4, pp. 1-10
Education is a crucial factor for sustainable economic growth. Therefore, public expenditures on education are of great … the model is Gross Domestic Product and the independent variables in the model are public expenditures on education, labor … expenditures on education will positively affect economic growth in the North Macedonia. The study also shows that a one …
Persistent link: https://www.econbiz.de/10013199127
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Causal interaction between FDI, corruption and environmental quality in the MENA region
Bardi, Wajdi; Hfaiedh, Mohamed Ali - In: Economies : open access journal 9 (2021) 1/14, pp. 1-12
The present work analyzes the impact of foreign direct investment (FDI) and corruption on the quality of the environment in the MENA region. Indeed, the magnitude of corruption and the quality of institutions are often cited as the main factors affecting the FDI inflow. Here, the Autoregressive...
Persistent link: https://www.econbiz.de/10012483270
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Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality
Putterman, Louis - 2008
We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...
Persistent link: https://www.econbiz.de/10012464199
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Externalities and Growth
Klenow, Peter J. - 2004
Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long...
Persistent link: https://www.econbiz.de/10012467678
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Borders and Growth
Spolaore, Enrico - 2002
This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...
Persistent link: https://www.econbiz.de/10012469486
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International Financial Integration and Economic Growth
Edison, Hali J. - 2002
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10012469546
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The Effect of Health on Economic Growth : Theory and Evidence
Bloom, David E. - 2001
Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to account for two additional variables that microeconomists...
Persistent link: https://www.econbiz.de/10012470129