R&D-based growth models with human capital accumulation reach a conclusion that long-run growth is unaffected by research activities and government policies and is only driven by preferences and human capital accumulation technology. Zeng (2003) shows that these results only hold when human...

A cultura cafeeira foi e continua sendo de primordial importância para a economiabrasileira. Além de importante fonte de renda para a economia brasileira, o café temdestacada participação nas receitas cambiais, na transferência de renda entre setores e naformação de capital no setor...

The low power of available econometric tests is an important problem in applied research on unit roots and related issues. Based on the principle of methodological triangulation, the problem should be analyzed from different points of view in order to increase the validity of the results....

This metadata relates to an electronic version of an article published in Journal of statistical computation and simulation, 2002, vol. 72, no. 6, pp. 507-516. Journal of Statistical Computation and Simulation is available online at informaworldTM at...

Rule-Based Forecasting (RBF) is an expert system that uses judgment to develop and apply rules for combining extrapolations. The judgment comes from two sources, forecasting expertise and domain knowledge. Forecasting expertise is based on more than a half century of research. Domain knowledge...

The effect of an increase of the education level of the population on innovation and economic growth is an important topic in current political discussions. This thesis quantifies the effect with an empirically grounded system dynamics model distinguishing 30 economic sectors in Germany....

This paper develops an R&D based endogenous growth model in which the firm’s free-riding behavior, prompted by an incomplete technological protection at the industry level, can drive economic growth. Unlike existing endogenous growth models, it shows how free-riding behavior and process...

This paper proposes that a virtuous circle for the sustainable development of a city or region is achieved through a process whereby proactive and strong leadership and effective institutions enhance the capacity and capability of a place to better use its resource endowments and gain an...

We consider a Diamond-type model of endogenous growth in which there are three assets: fiat money, government bonds, and equity. Because of productivity shocks, the equity return is uncertain, and risk-averse investors require a positive equity premium. Typically, there exist two steady states,...

We consider a linear growth model with idiosyncratic productivity shocks in which producers cannot commit to repay their loans. Borrowing constraints are determined endogenously by the borrowers’ incentives to repay, assuming that defaulters lose a share of output and are excluded from future...