Showing 1 - 10 of 2,721
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human...
Persistent link: https://www.econbiz.de/10014395877
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
&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …
Persistent link: https://www.econbiz.de/10014403467
This paper investigates the dynamic impact of natural resource discoveries on government debt sustainability. We use a 'natural experiment' framework in which the timing of discoveries is treated as an exogenous source of within-country variation. We combine data on government debt, fiscal...
Persistent link: https://www.econbiz.de/10013170580
Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects …
Persistent link: https://www.econbiz.de/10014395798
This paper examines a two-sector aggregative growth model with human capital and educated unemployment. In the model, a tuition subsidy may lead to a long-run decline in the educated fraction of the population, because it may decrease the long-run per capita stock of physical capital in the...
Persistent link: https://www.econbiz.de/10014398068
This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing...
Persistent link: https://www.econbiz.de/10014398097
This paper studies the effects that the inability of individuals to borrow against future income has on economic growth. The model assumes that human capital, which is accumulated through education, is the only factor of production. It is shown that liquidity constraints reduce growth. Further,...
Persistent link: https://www.econbiz.de/10014395778
traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …
Persistent link: https://www.econbiz.de/10012795165
. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth …
Persistent link: https://www.econbiz.de/10012604778