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Regional measures of human capital in the European Union
Dreger, Christian; Erber, Georg; Glocker, Daniela - 2009
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10010291780
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Quantifying optimal growth policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10010269804
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Capital-Labor Substitution, Structural Change and the Labor Income Share
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2015
literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …
Persistent link: https://www.econbiz.de/10010513155
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Capital-Labor Substitution, Structural Change and Growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2015
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...
Persistent link: https://www.econbiz.de/10010513207
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Capital-Labor Substitution, Structural Change and the Labor Income Share
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - Institute for the Study of Labor (IZA) - 2015
literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …
Persistent link: https://www.econbiz.de/10011214035
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Capital-Labor Substitution, Structural Change and Growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - Institute for the Study of Labor (IZA) - 2015
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...
Persistent link: https://www.econbiz.de/10011214040
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Growth, Development, and Technological Change
Grossmann, Volker; Steger, Thomas M. - Institute for the Study of Labor (IZA) - 2007
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...
Persistent link: https://www.econbiz.de/10005703181
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Shifts and Twists in the Relative Productivity of Skilled Labor
Dupuy, Arnaud; Marey, Philip S. - Institute for the Study of Labor (IZA) - 2007
labor. This implies that the relative productivity of skilled workers changes proportionally in all tasks. In contrast, we … argue that technical changes also affect the curvature of the distribution of relative productivity. Building on Rosen … productivity slowdown in the mid 70s through the 80s and to a speedup in the 90s. …
Persistent link: https://www.econbiz.de/10005822997
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Entrepreneurial Innovation and Sustained Long-Run Growth without Weak or Strong Scale Effects
Grossmann, Volker - Institute for the Study of Labor (IZA) - 2008
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth (“strong scale effect”) or the level of per capita income (“weak scale effect”), with far-reaching policy implications. However, for modern times there is little empirical...
Persistent link: https://www.econbiz.de/10005763914
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Quantifying Optimal Growth Policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Institute for the Study of Labor (IZA) - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10008550514