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Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing … areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which … constrained the opportunities of innovative firms for equity-based growth and the incentives for academic brains to set up in …
Persistent link: https://www.econbiz.de/10005755259
factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …
Persistent link: https://www.econbiz.de/10009395928
firms, the flow of technology and the migration of people. These rules have to make sure that individuals, individual … whether new technology is found. Except for TRIMS, an international investment code has not been established. Conventions have …
Persistent link: https://www.econbiz.de/10005755188
We consider whether Sub-Saharan African (SSA) countries are mainly poor because they are governed worse than other countries, as suggested by recent studies on the supremacy of institutions. Our empirical results show that the supremacy of institutions does not hold. SSA countries appear to face...
Persistent link: https://www.econbiz.de/10010886842
of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes … growth potential derived from the region's favourable endowment with human capital and implementing growth-enhancing economic …
Persistent link: https://www.econbiz.de/10009276484
neoclassical growth model. …
Persistent link: https://www.econbiz.de/10009276754
fallacies and (ii) not really helpful for discriminating between neoclassical and endogenous growth models. …
Persistent link: https://www.econbiz.de/10009277800
I reconsider the primacy of institutions over geography as an explanatory factor of cross-country differences in economic performance, which has recently been postulated by Acemoglu et al. (2001) and others. My estimates show that the reported missing direct performance effects of a measure of...
Persistent link: https://www.econbiz.de/10005076113
We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality within a production function framework. The previous empirical literature has not reached a consensus about the size of the education externality, which is given by...
Persistent link: https://www.econbiz.de/10005700533
educational factors on economic growth. First an overview of the market for skills and the evolution of labour productivity in … Germany is given. Then the stylized facts of the German case are analyzed using a modified growth model featuring overlapping … generations. It is shown that societies facing a demographic shock basically have two options. They either accept the growth …
Persistent link: https://www.econbiz.de/10005755177