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function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
Persistent link: https://www.econbiz.de/10014464111
We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of … recent decades. We show four main results. First, immigration has a positive impact on innovation, measured by the patenting … impact of immigration on innovation percolates over space, but spatial spillovers quickly die out with distance. Fourth, the …
Persistent link: https://www.econbiz.de/10012230294
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
Persistent link: https://www.econbiz.de/10014023785
period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …
Persistent link: https://www.econbiz.de/10012213777
how this impact depends on the levels of health and education expenditures. We analyze time series data from Pakistan …. Furthermore, the estimations reveal that better facilities for health and education strengthen the positive effects of LF on EG …. This suggests a complementary relationship between health, education, and LF in driving EG. Moreover, our findings …
Persistent link: https://www.econbiz.de/10014636006
a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation …
Persistent link: https://www.econbiz.de/10012433894
The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...
Persistent link: https://www.econbiz.de/10013317723
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …
Persistent link: https://www.econbiz.de/10014143303
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …
Persistent link: https://www.econbiz.de/10014036636
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011491971