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In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10010280731
legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier …, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market …
Persistent link: https://www.econbiz.de/10005763660
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative … growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an … economic growth explosion. In this paper, we critically analyse this claim. We clarify how AI affects the ideas production …
Persistent link: https://www.econbiz.de/10014533949
It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its …
Persistent link: https://www.econbiz.de/10010282140
evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …
Persistent link: https://www.econbiz.de/10010282576
Current empirical growth models limit the determinants of country growth to geographic, economic, and institutional … different types of conflict affect country growth rates? It finds that wars slow the economy. Estimates indicate that civil war … reduces annual growth by .01 to .13 percentage points, and high-intensity interstate conflict reduces annual growth by .18 to …
Persistent link: https://www.econbiz.de/10010269690
economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader … and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …
Persistent link: https://www.econbiz.de/10010293135
economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader … and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …
Persistent link: https://www.econbiz.de/10010638878
This paper investigates whether and to what extent demographic change has an impact on human capital accumulation. The effect of the relative cohort size on educational attainment of young adults in Germany is analyzed utilizing data from the German Socio-Economic Panel for West-German...
Persistent link: https://www.econbiz.de/10010269139
; the relation between income growth and income and fertility distributions; and the relevance of human capital in … determining the skill distribution of immigrants in a balanced-growth global equilibrium setting. In all three illustrations …
Persistent link: https://www.econbiz.de/10012207803