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Direction and intensity of technical change: a micro-founded growth model

zamparelli, luca - Volkswirtschaftliche Fakultät, … - 2008

This paper develops a growth model combining elements of endogenous growth and induced innovation literatures. In a … standard induced innovation model firms select at no cost innovations from an innovation possibilities frontier describing the … but also the size of innovation by representing the innovation possibilities through a cost function of capital and labor …

Persistent link: https://www.econbiz.de/10005836563

Endogenous growth in a model with heterogeneous agents and voting on public goods

Borissov, Kirill; Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2010

We consider a Barro-type endogenous growth model in which the government’s purchases of goods and services enter into the production function. The provision of government services is financed by flat-rate (linear) income or lump-sum taxes. It is assumed that individuals differing in their...

Persistent link: https://www.econbiz.de/10008764721

Do positional preferences for wealth and consumption cause inter-temporal distortions?

Wendner, Ronald - Volkswirtschaftliche Fakultät, … - 2015

This paper derives necessary and sufficient conditions under which positional preferences do not induce inter-temporal distortions. When labor supply is exogenous, positional preferences for consumption have been shown to be non-distortionary for a class of models. However, it has not been...

Persistent link: https://www.econbiz.de/10011271688

The balance of payments constrained growth rate and the natural rate of growth: new empirical evidence

Lanzafame, Matteo - Volkswirtschaftliche Fakultät, … - 2011

This paper implements a panel approach to investigate the empirical relevance of ‘Thirlwall’s Law’, which states that long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side. Building on ARDL modelling, mean-group and pooled...

Persistent link: https://www.econbiz.de/10009294949

R&D and Economic Growth in Slovenia: A Dynamic General Equilibrium Approach with Endogenous Growth

Verbic, Miroslav; Majcen, Boris; Cok, Mitja - Volkswirtschaftliche Fakultät, … - 2009

In the article, we model R&D as a major endogenous growth element in a small open economy general equilibrium framework and consider several R&D policy scenarios for Slovenia. Increase of the share of sectoral investment in R&D that is deductible from the CIT and increase of government spending...

Persistent link: https://www.econbiz.de/10008506936

Four Centuries of British Economic Growth: The Roles of Technology and Population

Madsen, Jakob; Ang, James; Banerjee, Rajabrata - Volkswirtschaftliche Fakultät, … - 2010

Using long historical data for Britain over the period 1620-2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the...

Persistent link: https://www.econbiz.de/10008550568

The US-UK productivity gap in the twentieth century: a race between technology and population

Banerjee, Rajabrata - Volkswirtschaftliche Fakultät, … - 2011

Recent developments in endogenous growth models have enabled researchers to reconsider some key events such as the take-off of the United States in the twentieth century. This paper investigates the roles played by innovative activity and population growth on comparative total factor...

Persistent link: https://www.econbiz.de/10009021990

Natural Rate of Interest with Endogenous Growth, Financial Frictions and Trend Inflation

Olmos, Lorena; Sanso Frago, Marcos - Volkswirtschaftliche Fakultät, … - 2014

Given the unobservable quality of the natural rate of interest, the consequences of central banks using an incorrect value in the monetary policy rule are analyzed in a New Keynesian DSGE model with endogenous growth, financial frictions and trend inflation. Our results confirm the financial...

Persistent link: https://www.econbiz.de/10011111797

Tax Havens, Growth, and Welfare

Chu, Hsun; Lai, Ching-Chong; Cheng, Chu-Chuan - Volkswirtschaftliche Fakultät, … - 2013

This paper develops an endogenous growth model featuring tax havens, and uses it to examine how the existence of tax havens affects the economic growth rate and social welfare in high-tax countries. We show that the presence of tax havens generates two conflicting channels in determining the...

Persistent link: https://www.econbiz.de/10011258469

Optimal Patent Breadth: Quantifying the Effects of Increasing Patent Breadth

Chu, Angus C. - Volkswirtschaftliche Fakultät, … - 2007

In a generalized quality-ladder growth model, this paper firstly derives the optimal patent breadth and the socially … dynamic distortion of markup pricing on capital accumulation that has been neglected by previous studies on patent policy …. Then, it quantitatively evaluates the effects of eliminating blocking patent and increasing patent breadth, and this …

Persistent link: https://www.econbiz.de/10005836340