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Solow meets market socialism: regional convergence of output per worker in China

Gundlach, Erich - 1996

Regional output per worker has converged in China in the era of market socialism since 1978. The estimated speed of convergence is about 2 percent. This speed of convergence can be explained by an open economy neoclassical growth model in the tradition of Robert Solow. My empirical results show...

Persistent link: https://www.econbiz.de/10010265265

Relative human capital endowments: estimates for selected countries and implications for international capital flows

Gundlach, Erich - 1992

Despite large rate of return differentials implied by persistent income differentials, relatively little capital flows to poor countries. The rate of return differentials are substantially reduced, however, if different human capital endowments are taken into account, as is shown for a limited...

Persistent link: https://www.econbiz.de/10010265268

Second thoughts on development accounting

Gundlach, Erich; Rudman, Desmond; Wößmann, Ludger - 1998

We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have...

Persistent link: https://www.econbiz.de/10010265363

The role of human capital in economic growth: New results and alternative interpretations

Gundlach, Erich - 1995

While it is largely uncontroversial that human capital can be considered as one of the shaping factors of economic growth, no agreement exists on the specific role of human capital formation. Competing theories all stressing different aspects of human capital formation are not in short supply,...

Persistent link: https://www.econbiz.de/10010265921

Arbeitssparender technischer Fortschritt und Löhne

Gundlach, Erich - 2007

Einfache Lehrbuchmodelle liefern widersprüchliche Aussagen zu den Wirkungen eines arbeitssparenden technischen Fortschritts auf die Löhne. Ein Modell der offenen Volkswirtschaft mit zwei Diversifizierungskegeln zeigt verschiedene Möglichkeiten auf, wie der arbeitssparende technische...

Persistent link: https://www.econbiz.de/10010273179

Human capital and economic development: A macroeconomic assessment

Gundlach, Erich - In: Intereconomics 32 (1997) 1, pp. 23-35

The role of human capital has so far not been well documented at the macroeconomic level. Many empirical studies lack a consistent theoretical foundation and there are measurement problems due to a very narrow concept of human capital focusing on formal education. Future empirical research...

Persistent link: https://www.econbiz.de/10010313630

Bildung von Humankapital: was die Beitrittsländer aus der EU-Erfahrung lernen können

Gundlach, Erich - In: The IPTS report (2002), pp. 5-13

in Bezug auf das Humankapital nicht bedeutend vom EUDurchschnitt unterscheiden. Die verfügbaren Messungen erfassen jedoch …

Persistent link: https://www.econbiz.de/10010313720

Warum gibt es arme und reiche Länder in der Weltwirtschaft? Wirtschaftliche Entwicklung aus der Sicht der neoklassischen Wachstumstheorie

Gundlach, Erich - 1995

Humankapital. …

Persistent link: https://www.econbiz.de/10010313791

Soziale Ertragsraten und Verteilungseffekte des Humankapitals: internationale Evidenz

Gundlach, Erich; Hemmer, Hans-Rimbert - In: Neuere Ansätze der theoretischen und empirischen …, (pp. 229-248). 2003

Humankapital gilt gemeinhin als eine wesentliche Determinante von Wachstum und Entwicklung. Der empirischen Forschung …. Klenow und Rodriguez-Clare (1997) sowie Hall und Jones (1999) weisen dem Produktionsfaktor Humankapital für die Erklärung … Basis verbesserter Humankapital-Daten bestritten wird. Weitgehend unbeachtet geblieben ist in der aktuellen empirischen …

Persistent link: https://www.econbiz.de/10010313844

Regional convergence of output per worker in China: A neoclassical interpretation

Gundlach, Erich - In: Asian economic journal 11 (1997) 4, pp. 423-442

Regional output per worker has converged across Chinese provinces in 1979- 1989. The estimated rate of convergence is 2.2 percent. This rate of convergence can be explained by neoclassical growth model conditional on assumptions about factor mobility and production elasticities. My empirical...

Persistent link: https://www.econbiz.de/10010313910