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insignificant. The accelerator effect of output growth was also found to be insignificant across the countries over the time period …
Persistent link: https://www.econbiz.de/10011535066
into the development of TFP in Mongolia. Simulations are performed to see what happens with TFP if not the le! ast …
Persistent link: https://www.econbiz.de/10011346474
A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …
Persistent link: https://www.econbiz.de/10011596528
An important strand of research in macro-finance investigates which factors impede enterprise investment, and what is their aggregate economic cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014370485
give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the … sources of growth in an aging society. Extending Lee and Shin (2021) to include developing countries, we examine the potential … for a silver dividend by investigating the channels through which population aging affects economic growth. We find that …
Persistent link: https://www.econbiz.de/10014227869
Saudi Arabia's economic growth and environmental pollution using annual data from 1970 to 2020. Methods/Approach: The fully … models, including an economic growth model and an environmental Sustainability or pollution model. Results: The results of … the two tests ensured that both expanding trade openness and increasing energy production led to faster economic growth …
Persistent link: https://www.econbiz.de/10014527260
Persistent link: https://www.econbiz.de/10011762306
Persistent link: https://www.econbiz.de/10011762307
rationally adjust their beliefs about future productivity growth after the arrival of news. A downward revision of expectations … actual change in productivity growth to generate large fluctuations. Quantitatively, the model goes a long way in matching …
Persistent link: https://www.econbiz.de/10003728236
In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and total non-durable household spending covering the period 1993-2004, and evaluate the change in consumption that accompanies retirement by exploiting the exogenous variability in...
Persistent link: https://www.econbiz.de/10003754525