Showing 1 - 10 of 1,149
This paper surveys new growth theory with emphasis on three open issues known from old endogenous growth theory of the … specifications of production functions for technical progress? We show that new growth theory has made progress on the first two …
Persistent link: https://www.econbiz.de/10011112647
knowledge and economic growth and / or emphasize the importance of human capital in the growth process. These models take …In this paper I will examine the growth models of Romer (1986) and Lucas (1988) which constitute an important first … core to the endogenous growth theory, in order to understand the characteristics, to highlight the relationship between …
Persistent link: https://www.econbiz.de/10011111565
This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is … inequality, raises the intensity of research activities and the growth rate of the economy. …
Persistent link: https://www.econbiz.de/10005837179
-institutional conditions, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of … on this literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on … the successful translation of innovation into economic growth. It is suggested that generating a development strategy …
Persistent link: https://www.econbiz.de/10009151585
Indeed, it has been asserted that the most fundamental resource in the modern economy is knowledge while the most …
Persistent link: https://www.econbiz.de/10011107828
This paper studies the Pareto-optimality of the consensual optimum established in "Allais-anonymity as an alternative to the discounted-sum criterion I: consensual optimality" (Mabrouk 2006a). For that, a Pareto-optimality criterion is set up by the application of the generalized Karush, Kuhn...
Persistent link: https://www.econbiz.de/10005025714
, innovation and economic growth. Its first contribution to the literature is to provide a non-scale R&D-based growth model … capital, but also constrain the diffusion of existing technological knowledge. In turn, these negative externalities reduce … economic growth. The second contribution of this paper is to run estimates for a sample of European Union countries. Empirical …
Persistent link: https://www.econbiz.de/10011111677
Information Communication Technology has been identified as a major determinant of international competitiveness between nations in recent years, through increased labor productivity. Depending on the choice of techniques, process innovations may also result in increasing differences in income...
Persistent link: https://www.econbiz.de/10011113671
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous … is a relation between the marginal rate of substitution between bequest and heritage, and the growth rate, relation which … calculus of optimal growth II: Pareto optimality and some economic interpretations". …
Persistent link: https://www.econbiz.de/10005789826
growth and reduce poverty must pay special attention on energy production. …
Persistent link: https://www.econbiz.de/10008550567