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The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries
Behar, Alberto - 2013
This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...
Persistent link: https://www.econbiz.de/10014395381
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Endogenous growth, downward wage rigidities and optimal inflation
Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian - 2021
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses …-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change … the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of …
Persistent link: https://www.econbiz.de/10012605466
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Institutions, innovations, and Growth
Xu, Chenggang - 1999
&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
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Technological Adaptation, Trade, and Growth
Chong, Alberto - 2000
This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
Persistent link: https://www.econbiz.de/10014403519
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Does Trade and Technology Transmission Facilitate Inequality Convergence? : An inquiry Into the Role of Technology in Reducing the Poverty of Nations
Das, Gouranga Gopal - 2007
Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality are explored in a global Computable General Equilibrium...
Persistent link: https://www.econbiz.de/10014400228
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Returns to Human Capital and Investment in New Technology
Luzio, Rodolfo - 2001
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10014400979
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Market regulation, cycles and growth in a monetary union
Abbritti, Mirko; Weber, Sebastian - 2019
negative shocks. Results are consistent with higher inflation, lower employment and disappointing TFP growth rates experienced …
Persistent link: https://www.econbiz.de/10012022074
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Tracing productivity growth channels in the UK
Garcia-Macia, Daniel; Korosteleva, Julia - 2021
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper 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...
Persistent link: https://www.econbiz.de/10012795165
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Innovate to lead or innovate to prevail : when do monopolistic rents induce growth?
Piazza, Roberto; Zheng, Yu - 2019
This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically ad- vanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012155163
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Public Capital and Growth
Arslanalp, Serkan - 2010
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to...
Persistent link: https://www.econbiz.de/10014412197