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Infrastructure and Urban Form
Glaeser, Edward L. - 2020
Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …
Persistent link: https://www.econbiz.de/10012482505
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Scale Economies, Returns to Variety, and the Productivity of Public Infrastructure
Holtz-Eakin, Douglas - 1995
We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The … effect on manufacturing or aggregate output, however, is indeterminate. In particular, our theory suggests that the degree of …
Persistent link: https://www.econbiz.de/10012473575
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Too Much of a Good Thing? The Economics of Investment in R&D
Jones, Charles I. - 1999
Research and development (R&D) is a key determinant of long run productivity and welfare. A central issue is whether a decentralized economy undertakes too little or too much R&D. We develop an endogenous growth model that incorporates parametrically four important distortions to R&D: the...
Persistent link: https://www.econbiz.de/10012471500
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The Stock Market and Capital Accumulation
Hall, Robert E. - 1999
If firms purchase capital up to the point where there is no further marginal benefit, and the firms' securities are equal in value to the capital, then the market value of securities measures the quantity of capital. I explore the implications of this hypothesis using data from U.S. non-farm,...
Persistent link: https://www.econbiz.de/10012471608
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Technology (and Policy) Shocks in Models of Endogenous Growth
Jones, Larry E. - 1999
Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies (Kormendi and Meguire (1985)) finding a positive relationship, while others (Ramey and Ramey (1995)) finding the a negative one. Our objective in this paper is to understand how fundamental...
Persistent link: https://www.econbiz.de/10012471733
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How Trade Patterns and Technology Flows Affect Productivity Growth
Keller, Wolfgang - 1999
This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...
Persistent link: https://www.econbiz.de/10012471810
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The Past and Future of Economic Growth : A Semi-Endogenous Perspective
Jones, Charles I. - National Bureau of Economic Research - 2021
research effort; this is the essence of semi-endogenous growth theory. This paper interprets past and future growth from a semi …
Persistent link: https://www.econbiz.de/10012616574
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Human Capital and Economic Growth
Mincer, Jacob - 1981
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
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Growth, Automation and the Long Run Share of Labor
ⓡ, Debraj Ray - 2020
We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation rather than technical progress or rising markups. We emphasize a fundamental asymmetry across physical and human capital. An individual can indefinitely replicate her claims on...
Persistent link: https://www.econbiz.de/10012479182
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Long-Run Tax Incidence in a Human Capital-based Endogenous Growth Model with Labor-Market Frictions
Chen, Been-Lon - 2019
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/10012479733