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Energy Prices, Growth,and the Channels in Between: Theory and Evidence
Bretschger, Lucas - 2007
The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens...
Persistent link: https://www.econbiz.de/10011753112
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Does growth cause structural change, or is it the other way round?: a dynamic panel data analyses for seven OECD countries
Dietrich, Andreas - 2009
employment shares or in terms of real value added shares. Estimation and analysis with annual data of seven OECD countries …
Persistent link: https://www.econbiz.de/10010266660
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Industrial Structure and Aggregate Growth
Peneder, Michael - 2002
Persistent link: https://www.econbiz.de/10011435107
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Tracing Empirical Trails of Schumpeterian Development
Peneder, Michael - 2004
Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...
Persistent link: https://www.econbiz.de/10011435155
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Miksi yritysten investoinnit ovat vähentyneet?
Ali-Yrkkö, Jyrki; Kuusi, Tero; Maliranta, Mika - 2017
corresponding rate with the investments. For this reason, the investment rate of companies is currently almost at the same level as … in the years 2000–2008. However, after the financial crisis the development of investment volume has been weaker in … capital in clearly better in Finland than in most other European countries. The investment rate in Finland is reduced …
Persistent link: https://www.econbiz.de/10012037690
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Energy Prices and Economic Growth: Theory and Evidence in the Long Run
Berk, Ýstemi; Yetkiner, Hakan - 2013
In this paper, we attempt to derive and test the role of energy prices on economic growth. We first developed a two-sector endogenous growth model, based on Rebelo (1991). We modified the model such that consumption goods sector uses energy as an input along with capital. The model allows us to...
Persistent link: https://www.econbiz.de/10011807219
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Structural change, technology and economic growth: Brazil and the CIBS in a comparative perspective
Cimoli, Mario; Pereira, Wellington; Porcile, Gabriel; … - 2008
Schumepterian growth theory stresses the role of structural change in long run growth. Countries which increase the share of technology-intensive sectors in their economic structures benefit more from technological learning and innovation. In addition, they are more able to respond to changes in...
Persistent link: https://www.econbiz.de/10010273506
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Growing like India: The unequal effects of service-led growth
Fan, Tianyu; Peters, Michael; Zilibotti, Fabrizio - 2023
Structural transformation in most currently developing countries takes the form of a rapid rise in services but limited industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that circumvents the notorious difficulties in...
Persistent link: https://www.econbiz.de/10014474491
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Structural change and business cycles: An evolutionary approach
Lorentz, André; Savona, Maria - 2010
The aim of this paper is to account for both the short-run fluctuations and the very-long run transformations induced by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short-run fluctuations on the long run dynamics by affecting...
Persistent link: https://www.econbiz.de/10010281857
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Testing the growth effects of structural change
Hartwig, Jochen - 2010
Against the backdrop of Baumol's model of unbalanced growth, a recent strand of literature has presented models that manage to reconcile structural change with Kaldor's stylized fact of the relative constancy of per-capita GDP growth. Another strand of literature goes beyond this, arguing that...
Persistent link: https://www.econbiz.de/10010277772