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Latin American countries have long exhibited low levels of saving rates when compared to other countries in relatively similar stages of economic development (e.g., Asian economies). Motivated by this fact, this paper examines the time path of the saving rates between 1970 and 2010 in three...
Persistent link: https://www.econbiz.de/10011784490
Persistent link: https://www.econbiz.de/10003879116
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries' saving rates exhibit a statistically significant hump-shaped...
Persistent link: https://www.econbiz.de/10010373737
efforts are affecting the dynamic relationship between environmental efficiency and economic productivity, turning it from an …
Persistent link: https://www.econbiz.de/10008799164
The aim of the paper is to investigate the effect of environmental stringency on innovation and productivity using a … innovation can be one of the channels through which higher sectoral productivity can be reached. The main findings suggest that … downstream stringency is the most relevant driver for innovation and that most of the effect of regulation on productivity is …
Persistent link: https://www.econbiz.de/10010225986
productivity and distorts the picture of what is happening in the economy. In this paper, we incorporate sweat equity in an … otherwise standard business cycle model. We use the model to analyze productivity in the United States during the 1990s boom. We … modest growth in productivity …
Persistent link: https://www.econbiz.de/10002917577
Persistent link: https://www.econbiz.de/10001979875
predictions of interest rates based on a general equilibrium theory are partially consistent with US data"--Federal Reserve Bank …
Persistent link: https://www.econbiz.de/10002977395
Persistent link: https://www.econbiz.de/10001599778
investigate the relation between firms' trading activities (importing, exporting or both) and productivity. We find important self … correlated within firms, failing to control for the importing activity leads to overstated average productivity premia of … exporters. -- Trade openness ; Firms' Heterogeneity ; Productivity …
Persistent link: https://www.econbiz.de/10008821877