Showing 1 - 10 of 13
Although it is well known that Markov process theory, frequently applied in the literature on income convergence …
Persistent link: https://www.econbiz.de/10010265521
Persistent link: https://www.econbiz.de/10003513341
This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...
Persistent link: https://www.econbiz.de/10010263540
section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence … unconditional sigma- and beta-convergence. The discussion of the statistical relations exhibits that based on the Cauchy …-Schwarz inequality it is possible to show that sigma-convergence implies necessarily beta-convergence but that beta-convergence is …
Persistent link: https://www.econbiz.de/10010275564
intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs …
Persistent link: https://www.econbiz.de/10010277868
Endogeneous growth theory views externalities and particularly externalities associated with knowledge spillovers as the engine of economic growth. In some influential papers (e.g. Glaeser et al. 1992) it is argued that these knowledge spillovers do not transmit costlessly over space. Rather,...
Persistent link: https://www.econbiz.de/10010265313
This paper sets up an economic geography model to show the endogenous forces that determine the degree of industry concentration in the course of economic development. The model includes centrifugal forces, such as home market effects and access to intermediate suppliers, and centripetal forces,...
Persistent link: https://www.econbiz.de/10010275339
This paper analyzes intergenerational redistribution in a 2-period overlapping- generations model that allows for heterogeneous labor productivities within the working generation. In each period, the government decides about redistributive transfers to maximize the aggregate utility of the...
Persistent link: https://www.econbiz.de/10010331072
In this paper redistribution policy is analyzed in a 2-period overlapping generations model with heterogeneous individuals and asymmetric information between the government and the private sector. Individuals of the same generation differ with respect to their labor productivity. In each period,...
Persistent link: https://www.econbiz.de/10010275329
An overlapping generations model is set up in this paper to analyze social security policy in a representative democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution within generations according to individual labor incomes....
Persistent link: https://www.econbiz.de/10010275705