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relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …
Persistent link: https://www.econbiz.de/10013021942
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10013130458
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short … to heterogeneity in population growth, technical change or progressiveness of income taxes. Our estimated speed of …
Persistent link: https://www.econbiz.de/10013136719
The process of economic development is characterized by substantial rural-urban migrations and a decreasing share of agriculture in output and employment. The literature highlights two main engines behind this process of structural change: (i) improvements in agricultural technology combined...
Persistent link: https://www.econbiz.de/10013158519
is more concave than that for the children's human capital, the only possible steady-state growth path involves full …
Persistent link: https://www.econbiz.de/10012861271
economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of …
Persistent link: https://www.econbiz.de/10013110861
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …
Persistent link: https://www.econbiz.de/10013042967
formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern … growth regime in which lower net fertility is associated with the acquisition of human capital and improved living standards …
Persistent link: https://www.econbiz.de/10013316935
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/10013023751
and long-run growth. Our model can generate transitory informality equilibria or informality-induced poverty traps. Its …
Persistent link: https://www.econbiz.de/10013060624