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We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
the downward trends in family formation and fertility worldwide, and for a slowdown in the rates of savings and economic …
Persistent link: https://www.econbiz.de/10013227017
Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and … increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the … fundamental insight of the idea-based growth literature according to this view. Endogenous fertility together with the increasing …
Persistent link: https://www.econbiz.de/10013243627
Crowdfunding may provide much-needed financial resources, yet there is little systematic evidence on the potential of crowdfunding for scientific research. We first briefly review prior research on crowdfunding and give an overview of dedicated platforms for crowdfunding research. We then...
Persistent link: https://www.econbiz.de/10012925262
A model is developed in which two complementary forms of investment contribute to growth—technology and skill acquisition, and growth takes two forms—TFP and variety growth. The rate of TFP growth depends more heavily on the parameters governing skill accumulation, while variety growth...
Persistent link: https://www.econbiz.de/10012919869
In a second-best optimal growth setup with only factor taxes, it is in general optimal to fully replace capital by labor income taxation in the long run. We revisit this important issue by developing a human capital-based endogenous growth model with frictional labor search, allowing each firm...
Persistent link: https://www.econbiz.de/10012871562
Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last 4 decades. Moreover, the population share of skilled migrants has been approaching...
Persistent link: https://www.econbiz.de/10013012386
Endogenous growth models raise fundamental questions about the nature of human creativity, and the sorts of resources, skills, and knowledge inputs that shift the frontier of technology and production possibilities. Many argue that the nature of early British industrialization supports the...
Persistent link: https://www.econbiz.de/10013030073
; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas … the quantity and quality of schooling, innovations and growth …
Persistent link: https://www.econbiz.de/10013099411
percent difference in average annual real growth ratesþan effect much stronger than changes in average years of schooling, the …
Persistent link: https://www.econbiz.de/10014158648