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distributed profits.Balanced growth paths, transitional dynamics and welfare costs are computed. We show that the 2000 Estonian …
Persistent link: https://www.econbiz.de/10005823524
profits. Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 …
Persistent link: https://www.econbiz.de/10005419584
profits. Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 …
Persistent link: https://www.econbiz.de/10005412671
profits.Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 Income …
Persistent link: https://www.econbiz.de/10012148455
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates … adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today … wealth. Savings rates and income growth rates are thus jointly increasing during the process of development until they …
Persistent link: https://www.econbiz.de/10010582582
We generalize a trade model with firm-specific heterogeneity and R&D-based growth to allow for an endogenous education … living standards and trade intensities by the differential pace of human capital accumulation among industrialized countries … influences its relative economic prosperity irrespective of its trade-openness. While being consistent with the empirical …
Persistent link: https://www.econbiz.de/10010954280
We set up a unified growth model with gender-specific differences in tastes for consumption, fertility, education of … education, and sluggish economic growth towards a state of low fertility, high education, and fast economic growth if the child …
Persistent link: https://www.econbiz.de/10010954353
It is well known that the performance of simple models of economic growth improves substantially through the … issue. Here, I reconsider the linear (Ak) growth model with subsistence consumption and show that the evolution of savings … rates and economic growth rates over time is independent from the size of subsistence needs. The model is thus more general …
Persistent link: https://www.econbiz.de/10010265687
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates … adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …
Persistent link: https://www.econbiz.de/10010270036
We generalize a trade model with firm-specific heterogeneity and R&D-based growth to allow for an endogenous education … living standards and trade intensities by the differential pace of human capital accumulation among industrialized countries … influences its relative economic prosperity irrespective of its trade-openness. While being consistent with the empirical …
Persistent link: https://www.econbiz.de/10010332896