This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It demonstrates how the role of the personal income...

This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use panel data on 16 countries spanning the 1965 -2000...

Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The association between the age composition of a nation?s population and its savings rate, observed within 16 Asian countries from 1952 to 1992, is reestimated here to be less than...

We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...

In their survey of the literature on ethnic fractionalization and economic performance, Alesina and La Ferrara (JEL 2005) identify two main directions for future research. One is to improve the measurement of diversity and the other to treat diversity as an endogenous variable. This paper tries...

The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This...

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 combination of a macroeconomic production function and...

In den sechziger Jahren lag das reale Wachstum in Europa noch über dem der USA. Danach sanken in beiden Teilen der Welt tendenziell die Wachstumsraten. Anfang der Achtziger Jahre folgte allerdings in den USA eine Phase hohen Wirtschaftswachstums, so dass die Wachstumsraten und die...

In der Schweiz setzte sich die seit Mitte 1999 zu beobachtende zügige konjunkturelle Erholung auch im Jahr 2000 fort. Das reale Bruttoinlandsprodukt dürfte etwa um 3,5% zugenommen haben, die Arbeitslosenquote sank auf knapp 2% und der Preisanstieg blieb mit einem Jahresdurchschnitt von 1,75%...

Im Jahr 2000 erholte sich die Konjunktur schneller als erwartet. Das reale Bruttoinlandsprodukt dürfte um 2 1/2 % zugenommen haben, die Arbeitslosenquote im Jahresdurchschnitt auf ungefähr 4 3/4 % gesunken sein. 2001 dürfte das reale BIP um etwa 2% expandieren. Die Beschäftigung nimmt...