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decisions and income growth of lowered life expectancy as a result of diseases such as HIV/AIDS. We show that an increased … probability of premature death leads to less investment in human capital, and consequently slower growth. We also empirically … investments and growth for a broader set of countries. The empirical results show that HIV/AIDS has resulted in a substantial …
Persistent link: https://www.econbiz.de/10009444818
This paper considers an endogenous growth model with productive government spending in which overlapping generations of …, removing all inefficiencies and cycles. However, a likely outcome is that government size is too high relative to the growth …
Persistent link: https://www.econbiz.de/10009471682
Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth … equilibrium. It will use these models to shed light both on the process of economic growth at the world level and on sources of … income and growth differences across countries. …
Persistent link: https://www.econbiz.de/10009432111
, which are one of the keys to the growth process: the economy can be discontinuously innovation-oriented due to the different …
Persistent link: https://www.econbiz.de/10009444992
possible. With respect to literacy, numeracy has been understudied in economic history and its inclusion in long-run growth … and its interaction with other variables in growth processes. The third manuscript employs the age heaping method as a … numbers of census enumerations conducted in the past and the Chinese calendar. Growth regressions employing age heaping as …
Persistent link: https://www.econbiz.de/10009475361
Parallel session 2: Population, health and growth …
Persistent link: https://www.econbiz.de/10009475917
This paper focuses on the role of R&D efforts – both domestic and foreign – and human capital investments to the development of national productivity. As technology is also embodied in human capital, the paper empirically investigates the significance of labour mobility as an effective...
Persistent link: https://www.econbiz.de/10009448802
We consider a Diamond-type model of endogenous growth in which there are three assets: fiat money, government bonds … is harmful for growth in the stable steady state. These results hold under four different monetary policy strategies … capital investment and growth. …
Persistent link: https://www.econbiz.de/10009471679
We incorporate a wage-bargaining structure in a dynamic general equilibrium model and show how this feature changes short- and long-run properties of equilibria compared with a perfectly competitive setting.We discuss how employment, capital and income shares respond to wage-setting shocks and...
Persistent link: https://www.econbiz.de/10009471681
In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an...
Persistent link: https://www.econbiz.de/10009475344