Showing 1 - 10 of 465
This paper studies a quantitative general equilibriummodel of the housing market where a large number of overlapping generations of homeowners face both idiosyncratic and aggregate risks but have limited opportunities to insure against these risks due to incomplete financial markets and...
Persistent link: https://www.econbiz.de/10008634639
We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … to bridge the gap between the theoretical and empirical studies of technology adoption and economic growth. We bridge … broadly consistent with the observed dynamics of both economic growth as well as of many different measures of technology …
Persistent link: https://www.econbiz.de/10005778553
We develop and estimate a model where technology diffusion depends on the level of productivity embodied in capital and … where this is, in turn, determined by two key mechanisms: the rate at which the quality embodied in new technology vintages … two effects are related to technology adoption decisions taken at two different levels. The capital goods suppliers%u2019 …
Persistent link: https://www.econbiz.de/10005050365
and technical assistance in the same period. We interpret this as supportive of the interpretation that technology …
Persistent link: https://www.econbiz.de/10008646459
extensive margins of technology adoption. At the aggregate level, our model is isomorphic to a neoclassical growth model. The … microeconomic underpinnings of growth come from technology adoption of firms, both at the extensive and the intensive margin. We use … variation in income per capita. …
Persistent link: https://www.econbiz.de/10008646464
This paper focuses on the bi-directional interaction between technology adoption and labor market conditions. We … evaluate whether the patterns conform to the predictions of a neoclassical model of endogenous technology adoption. Our … approach melds the literature on the effect of the relative supply of skilled labor on technology adoption to the often …
Persistent link: https://www.econbiz.de/10005829970
policies, such as mandating open-source technology, can make matters worse. …
Persistent link: https://www.econbiz.de/10011170273
Goldin and Katz's <i>The Race between Education and Technology</i> is a monumental achievement that supplies a unified …
Persistent link: https://www.econbiz.de/10009652861
that the costs are much larger in China than in India mainly because of China's higher income and older population. Rough …
Persistent link: https://www.econbiz.de/10010950724
In recent decades, advanced economies have experienced low and stable inflation and long periods of liquidity trap. We construct an alternative business-cycle model capturing these two features by adding two assumptions to a money-in-the-utility-function model: the labor market is subject to...
Persistent link: https://www.econbiz.de/10010951069