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for this economy, thereby obtaining a theory of endogenous growth that captures in a tractable way the social nature of …
Persistent link: https://www.econbiz.de/10012461162
It is widely hypothesized that incomes in wealthy countries are insulated from environmental conditions because individuals have the resources needed to adapt to their environment. We test this idea in the wealthiest economy in human history. Using within-county variation in weather, we estimate...
Persistent link: https://www.econbiz.de/10012457916
This collection of essays on Verdoorn's Law - the relationship between the growth of industrial productivity and output - presents a number of comprehensive surveys and assessments of the vast literature available. The collection not only includes an English translation of Verdoorn's seminal...
Persistent link: https://www.econbiz.de/10012054022
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 "engine of growth". The conjecture is that the ascendancy of the US...
Persistent link: https://www.econbiz.de/10012465788
Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in...
Persistent link: https://www.econbiz.de/10012459972
Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Five Advanced Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspectives and Policy Implications.
Persistent link: https://www.econbiz.de/10014017211
The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves … theory, divides GDP into labor compensation, capital income, and synergistic benefits, further establishes the new empirical … economic growth. Based on the analysis above, the new theory has been tested and the countermeasures and suggestions involving …
Persistent link: https://www.econbiz.de/10012396875
: experience, age, vintage and calendar year. The first section of the paper provides a brief outline of a theory of planned growth …
Persistent link: https://www.econbiz.de/10012478991
Worldwide, dependency ratios are forecast to increase dramatically in the next 50 years. A great deal of attention has been devoted to understanding the changes in fiscal policies that must' take place to accommodate these changes. In contrast, less effort has been concentrated on studying the...
Persistent link: https://www.econbiz.de/10012470988
Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and...
Persistent link: https://www.econbiz.de/10012478310