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Credit Markets with Differences in Abilities : Education, Distribution, and Growth

De Gregorio, Jose - 1994

This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages...

Persistent link: https://www.econbiz.de/10014396004

Short-And Long-Term Poverty and Social Policy in a ""Snakes and Ladders"" Model of Growth

Cuevas, Alfredo - 2001

Throughout the world, the great popularity of programs to protect those who may fall into poverty stands in contrast with the weakness of policies aimed at helping individuals who are already poor to overcome long-term poverty. In the paper, an OLG model with persistent poverty and limited...

Persistent link: https://www.econbiz.de/10014401452

Demographic Dynamics and the Empirics of Economic Growth

Sarel, Michael - 1994

This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age...

Persistent link: https://www.econbiz.de/10014395876

Rebalancing China's Economy : What Does Growth Theory Tell Us?

Aziz, Jahangir - 2006

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …

Persistent link: https://www.econbiz.de/10014400153

Evolution of the Relative Price of Goods and Services in a Neoclassical Model of Capital Accumulation

Klyuev, Vladimir - 2004

This paper provides an explanation for the secular increase in the price of services relative to that of manufactured goods that relies on capital accumulation rather than on an exogenous total factor productivity growth differential. The key assumptions of the two-sector, intertemporal...

Persistent link: https://www.econbiz.de/10014404038

Transitional Growth with Increasing Inequality and Financial Deepening

Ueda, Kenichi - 2001

We study models that display growth with financial deepening and increasing inequality along the way to perpetual steady state growth. A benchmark model is essentially a complete markets model but with transaction costs of financial intermediation. New proofs are required and thus provided for...

Persistent link: https://www.econbiz.de/10014399597

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution : An Application to the Philippines

Villanueva, Delano - 1996

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and...

Persistent link: https://www.econbiz.de/10014395871

Debt, investment, and growth in developing countries with segmented labor markets

Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

Persistent link: https://www.econbiz.de/10012252029

Commodity price volatility and the sources of growth

Cavalcanti, Tiago; Mohaddes, Kamiar; Raissi, Mehdi - 2012

Persistent link: https://www.econbiz.de/10009424700

Investment, Capital Accumulation, and Growth : Some Evidence From the Gambia 1964-1998

Beddies, Christian H. - 1999

endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and … significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human …

Persistent link: https://www.econbiz.de/10014400640

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