Showing 1 - 10 of 166
The time series properties of German GDP have been re-examined in recent research. Extending the sample to include GDP data from 1950 onwards, some researchers argued in favor of a trend-stationary rather than difference stationary representation of real log GDP. I show that this conclusion is...
Persistent link: https://www.econbiz.de/10005668435
<span style="font-size: 9.5pt"><span style="font-size: 9.5pt">The article is devoted to the study of global attractors of quasi-linear non-autonomous</span><span style="font-size: 9.5pt">difference equations, in particular we give the conditions for the existence of a compact</span><span style="font-size: 9.5pt">global attractor. The obtained results are applied to the study of a triangular economic</span><div><span style="font-size: 9.5pt; line-height: 115%">growth model recently developed...</span></div></span>
Persistent link: https://www.econbiz.de/10005403498
We present a simple method of solving first-order linear differential and difference equations with a constant term and a constant coefficient. When solving such equations standard books in mathematical economics resort to a particular integral and a complementary function without further...
Persistent link: https://www.econbiz.de/10011258278
Using annual data from 1961 to 2005 growth rate of gross domestic product at the constant prices of year 2000 is taken in the dependent variable and growth rates of employment level, gross fixed capital formation and lag dependent variable are all the explanatory variables, we obtained total...
Persistent link: https://www.econbiz.de/10011261128
Output per worker can be expressed as a function of technological efficiency and of the capital-output ratio. Because technology is exogenous in the Solow model, all of the endogenous convergence dynamics take place through the adjustment of the capital-output ratio. This paper uses the...
Persistent link: https://www.econbiz.de/10011269297
Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be exogenous in the Solow model, is often identified as being...
Persistent link: https://www.econbiz.de/10011269442
International diffusion of energy-saving technologies has received considerable attention in recent energy and climate economics studies. As a helpful methodological complement to the existing large-scale CGE/IAMÐbased modelling for energy and climate policy studies, this paper contributes to a...
Persistent link: https://www.econbiz.de/10011123762
The logistic growth model to explain changes in population growth rates are not. In this paper a new analysis of the population growth rate in the frequency space is described with mathematical logic and economic reasoning, so that, firstly, to a higher level of capital per capita, or at least...
Persistent link: https://www.econbiz.de/10011235057
International diffusion of advanced environment and energy-related technologies has received much attention in recent environmental economics studies. As a much needed complement to the “black box” complex numerical modelling, this paper contributes to developing a simple, intuitive...
Persistent link: https://www.econbiz.de/10010770383
This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita. Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two...
Persistent link: https://www.econbiz.de/10010895159