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We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …
Persistent link: https://www.econbiz.de/10010261921
rather than slowdowns in GPD growth, although we find a positive relationship between first births and growth. Despite that …
Persistent link: https://www.econbiz.de/10010269027
variables - education, governance or openness - result in virtuous growth cycles. These are smallest under an increase in trade …
Persistent link: https://www.econbiz.de/10010269768
documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …
Persistent link: https://www.econbiz.de/10010276258
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … the same growth performance without any increase in the rate of aggregate investment. This has important implications for …
Persistent link: https://www.econbiz.de/10010269571
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …
Persistent link: https://www.econbiz.de/10010261606
growth models estimated across world regions, these low levels of cognitive skills can account for the poor growth … comparable income data. Our growth analysis using these data confirms the significant effects of cognitive skills on intra …
Persistent link: https://www.econbiz.de/10010274178
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …
Persistent link: https://www.econbiz.de/10005700962
&D-intensive industries. These results imply a) that potential virtuous growth cycles exist both in the level and in the growth of TFP, and b …
Persistent link: https://www.econbiz.de/10010261795
resources promotes structural change and growth through two channels: First, by weakening oligopsony power of owners and thereby … easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …
Persistent link: https://www.econbiz.de/10010267484