Showing 11 - 20 of 2,646
This paper constructs a two-country (Home and Foreign) general equilibrium model of Schumpeterian growth without scale … which generates semi-endogenous growth. In this model of semi-endogenous growth, an increase in the rate of population … growth rate raises Home’s relative wage and lowers its range of goods exported to Foreign. An increase in the size of …
Persistent link: https://www.econbiz.de/10015216299
growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The … results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory …. Furthermore, it is shown that R&D has played a key role for growth in the Asian miracle economies. …
Persistent link: https://www.econbiz.de/10015218330
This study analyses the time, sectorial and spatial pattern of the process of accumulation of human capital in Spain during the period 1964-98. The results show the generalized nature of the improvements as the basic feature. The increase that has taken place in each sector proves much more...
Persistent link: https://www.econbiz.de/10015218446
productivity growth. The results show that innovation is an important factor for growth in OECD countries whereas growth in … frontier is a significant determinant of growth in the overall sample. …
Persistent link: https://www.econbiz.de/10015221008
The neoclassical growth model was extended by Mankiw, Romer and Weil (1992) to estimate the level effects of additional … factors like human capital. We suggest a further extension to capture their permanent growth effects. Time series data from … Fiji are used to show that the growth effect of human capital, although small, is significant. Furthermore, in our sample …
Persistent link: https://www.econbiz.de/10015221097
innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post …-Malthusian growth regime. Furthermore, the paper tests the ability of two competing second-generation endogenous growth models to … account for the British growth experience. The results suggest that innovative activity was an important force in shaping the …
Persistent link: https://www.econbiz.de/10015222118
This paper develops an endogenous growth ramework with externalities due to learning by doing and trade openness to … functions are used to compute the steady state growth rates for Singapore, Malaysia, Thailand, Hong Kong, Korea and the … Philippines. A few broad policies to improve these steady state growth rate are suggested. …
Persistent link: https://www.econbiz.de/10015222344
Economic development is accompanied by structural change. The trade theoretic literature offers two major hypotheses – i. e., the factor-endowment and the total-factor-productivity-- for explaining the stylized facts of structural change. This note revisits these hypotheses. In particular, it...
Persistent link: https://www.econbiz.de/10015223516
&D-based growth model. The government not only subsidizes the R&D cost of the firms but also engages in R&D activities and, in … the expenditure. We find that in the economy there exist two balanced equilibrium growth paths. In an economy with a high … growth path, the government’s subsidy policy and its R&D activities will crowd out the private R&D activities, and hence the …
Persistent link: https://www.econbiz.de/10015224918
This paper extends an R&D-based growth model of the Rivera-Batiz and Romer-type [Quarterly Journal of Economics 106 … (1991) 531] endogenous growth model by embodying a union with elastic labor to investigate the effects of unionization on … employment and growth by highlighting the essence of internal conflict within the union. It is shown that an increase in the …
Persistent link: https://www.econbiz.de/10015224919