Showing 1 - 10 of 13
Vintage capital growth models have been at the heart of growth theory in the 60s. This research line collapsed in the late 60s with the so-called embodiment controversy and the technical sophisitication of the vintage models. This paper analyzes the astonishing revival of this literature in the...
Persistent link: https://www.econbiz.de/10009149196
Vintage capital growth models have been at the heart of growth theory in the 60s. This research line collapsed in the late 60s with the so-called embodiment controversy and the technical sophistication of the vintage models. This paper analyzes the astonishing revival of this literature in the...
Persistent link: https://www.econbiz.de/10010547483
Persistent link: https://www.econbiz.de/10005560155
We explore the hypothesis that demographic changes which began in the seventeenth and eighteenth centuries are at the root of the acceleration in growth rates at the dawn of the modern age. During this period, life tables for Geneva and Venice show a decline in adult mortality; French marriage...
Persistent link: https://www.econbiz.de/10005158136
We explore the hypothesis that demographic changes started in the seventeenth and eighteenth centuries are at the root of the acceleration in growth rates at the dawn of the modern age. During this period, life tables for Geneva and Venice show a decline in adult mortality; French marriage...
Persistent link: https://www.econbiz.de/10004985296
The transition from economic stagnation to sustained growth is often modeled thanks to "population-induced" productivity improvements, which are assumed rather than derived from primary assumptions. In this paper the effect of population on productivity is derived from optimal behavior. More...
Persistent link: https://www.econbiz.de/10005737303
We highlight the salient characteristics and implications of the seminal contributions in the field of vintage capital growth theory (proposed entry for the New Palgrave Dictionary of Economics, 2nd edition).
Persistent link: https://www.econbiz.de/10005697724
The transition from economic stagnation to sustained growth is often modelled thanks to "population-induced" productivity improvements, which are assumed rather than derived from primary assumptions. In this paper, the effect of population on productivity is derived from optimal behavior. Both...
Persistent link: https://www.econbiz.de/10005706177
The transition from economic stagnation to sustained growth is often modelled with a "population-induced" technical progress which raised the return to human capital. In this literature the effect of population on productivity is assumed instead of being derived from more primary assumptions,...
Persistent link: https://www.econbiz.de/10005027298
We study how economic growth is affected by demographics in an overlapping generations model with a realistic survival law. Individuals optimally chose the dates at which they leave school to enter the labor market and at which they retire. Endoneous growth arises thanks to the accumulation of...
Persistent link: https://www.econbiz.de/10005811186