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We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011672943
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815445
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815287
We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011671956
Economic development in industrialized countries is characterized by rising per capita GDP, increasing life expectancy, and an ever larger share of the population living in cities. We explain this pattern within a regional innovation-driven economic growth model with labor mobility and a...
Persistent link: https://www.econbiz.de/10011799845
Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach tends to yield estimates that are either negative and close to zero or positive and an order of magnitude larger than the range of estimates derived from the...
Persistent link: https://www.econbiz.de/10013353418
High-income countries have generally experienced falling fertility in recent decades. In most of these countries, the total fertility rate is now below the level that implies a stable population in the long run. This has led to concerns among economists, policymakers, and the wider public about...
Persistent link: https://www.econbiz.de/10014469333
We introduce publicly funded education into R&D-based economic growth theory. Our framework allows us to i) explicitly describe a realistic process of human capital accumulation within these types of growth models, ii) reconcile semi-endogenous growth theory with the empirical evidence on the...
Persistent link: https://www.econbiz.de/10010310995
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010311003
We introduce publicly funded education in R&D-based economic growth theory. The framework allows us to i) incorporate a realistic process of human capital accumulation for industrialized countries, ii) reconcile R&D-based growth theory with the empirical evidence on the relationship between...
Persistent link: https://www.econbiz.de/10010311663