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Infrastructure in a Structural Model of Economic Growth

Holtz-Eakin, Douglas; Schwartz, Amy Ellen - 2021

Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims … between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …

Persistent link: https://www.econbiz.de/10013243379

Implications of Population Aging for Economic Growth

Bloom, David E. - 2011

The share of the population aged 60 and over is projected to increase in nearly every country in the world during 2005-2050. Population ageing will tend to lower both labor-force participation and savings rates, thereby raising concerns about a future slowing of economic growth. Our calculations...

Persistent link: https://www.econbiz.de/10013131060

Credit Constraints, Cyclical Fiscal Policy and Industry Growth

Aghion, Philippe - 2009

This paper evaluates whether the cyclical pattern of fiscal policy can affect growth. We first build a simple endogenous growth model where entrepreneurs can invest either in short-run projects or in long-term growth enhancing projects. Long-term projects involve a liquidity risk which credit...

Persistent link: https://www.econbiz.de/10013158505

Who's Going Broke? Comparing Growth in Healthcare Costs in Ten OECD Countries

Kotlikoff, Laurence J. - 2006

Persistent link: https://www.econbiz.de/10012783346

Globalization, Macroeconomic Performance, and Monetary Policy

Mishkin, Frederic S. - 2010

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual economies and has been a key factor in promoting...

Persistent link: https://www.econbiz.de/10012759372

Labor Market Institutions Around the World

Freeman, Richard B. - 2010

The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies...

Persistent link: https://www.econbiz.de/10012759957

The Mystery of Human Capital as Engine of Growth, or Why the Us Became the Economic Superpower in the 20th Century

Ehrlich, Isaac - 2010

This paper offers a thesis as to why the US overtook the UK and other European countries in the 20th century in both aggregate and per-capita GDP, as a case study of recent models of endogenous growth where human capital is the quot;engine of growthquot;. The conjecture is that the ascendancy of...

Persistent link: https://www.econbiz.de/10012760416

Regulation and Investment

Alesina, Alberto F.; Ardagna, Silvia; Nicoletti, Giuseppe; … - 2021

One commonly held view about the difference between continental European countries and other OECD economies, especially the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide...

Persistent link: https://www.econbiz.de/10013216094

Does Inflation Harm Economic Growth? Evidence for the OECD

Andrés, Javier; Hernando, Ignacio - 2021

The purpose of this paper is to study the correlation among growth and inflation at the OECD level, within the framework of the so-called convergence equations, and to discuss whether this correlation withstands a number of improvements in the empirical models, which try to address the most...

Persistent link: https://www.econbiz.de/10013218315

Cross-Country Evidence on the Link between Volatility and Growth

Ramey, Garey; Ramey, Valerie A. - 2021

This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries with higher volatility have lower growth. The...

Persistent link: https://www.econbiz.de/10013218817

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