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Transition, integration and convergence : the case of Romania
Iancu, Aurel - 2010
Romania with the EU and then the integration presenting strategic political decisions, I have included in this work two … underlining their structure, role and function and their transformation. Integration into the EU of a country like Romania, which … because of the structural transformations. In five chapters I am referring to the essential characteristics of the integration …
Persistent link: https://www.econbiz.de/10010529088
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Government size and economic growth in an endogenous growth model with rent-seeking
Wadho, Waqar; Ayaz, Umair - 2017
We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
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Rent seeking, capital accumulation, and macroeconomic growth
Heijdra, Ben J.; Heijnen, Pim - 2023
We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...
Persistent link: https://www.econbiz.de/10014431164
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Growth and welfare effects of health care in knowledge based economies
Kuhn, Michael; Prettner, Klaus - 2012
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010358148
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Growth and welfare effects of health care in knowledge based economies
Kuhn, Michael; Prettner, Klaus - 2012
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10009674951
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Public Expenditure Distribution, Voting, and Growth
Burlon, Lorenzo - 2011
In this paper we try to explain why the misallocation of resources across different productive sectors tends to persist over time. We document that there is a link between the distribution of the public expenditure across sectors and the sectoral composition of an economy. We propose a general...
Persistent link: https://www.econbiz.de/10013132929
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The Great Divergence Revisited : Industrialization, Inequality and Political Conflict in the Unified Growth Model
Veselov, Dmitriy - 2016
This paper studies the impact of inequality in capital and land distribution on the pace of industrialization, thereby explaining the role of wealth inequality in the Great Divergence phenomenon. We build a two-sector unified growth model, in which the outcome of public policy contest between...
Persistent link: https://www.econbiz.de/10013001131
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Patterns of Specialization and (Un)Conditional Convergence : The Cases of Brazil, China and India
Hadengue, Marine - 2013
The purpose of this paper is to highlight a version of the Balassa-Samuelson effect for emerging countries with a new dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil/China/India. We will compare the convergence between these...
Persistent link: https://www.econbiz.de/10013076053
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The Politico-Economic Dynamics of China’s Growth
Wang, Yikai - 2020
China's rapid growth has been driven by policy reforms that significantly reduce market frictions. Policy reforms are determined by the government according to its own politico-economic considerations. This paper embeds these politico-economic considerations in a macro model of China to...
Persistent link: https://www.econbiz.de/10012837245
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Public Expenditure Distribution, Voting, and Growth
Burlon, Lorenzo - 2014
In this paper we study why the misallocation of resources across different productive sectors tends to persist over time. To this end we propose a general equilibrium model that delivers two structural relations. On the one hand, the public expenditure distribution influences the future sectoral...
Persistent link: https://www.econbiz.de/10013051109