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Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10010262779
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Research and Development and Technology in the Philippines
Cororaton, Caesar B. - 2002
Research and development (R&D) and technology are analyzed from the perspective of Philippine economic growth in the …&D and technology. General R&D and technology policies and institutional structure and arrangements are examined. National …
Persistent link: https://www.econbiz.de/10011429698
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Household Saving and Full Consumption over the Life Cycle
Apps, Patricia; Rees, Ray - 2001
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10010262485
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Cluster life cycles: dimensions and rationales of cluster development
Menzel, Max-Peter; Fornahl, Dirk - 2007
We present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical...
Persistent link: https://www.econbiz.de/10010263831
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On the identification of Frisch labor supplies
Donni, Olivier - 2006
This paper examines how Frisch labor supplies, and other structural components of the intertemporal model of labor supply, can be recovered from estimates obtained with the approach developed by Heckman and MaCurdy.
Persistent link: https://www.econbiz.de/10010268034
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Life-cycle equilibrium unemployment
Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - 2008
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...
Persistent link: https://www.econbiz.de/10010268639
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Life-cycle, effort and academic deadwood
Chen, Yu-Fu - 2010
Persistent link: https://www.econbiz.de/10014306486
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Housing, portfolio choice, and the macroeconomcy
Silos, Pedro; Silos, Pedro - 2005
Much of the macroeconomics literature dealing with wealth distribution has become abstracted from modeling housing explicitly. This paper investigates the properties of the wealth distribution and the portfolio composition regarding housing and equity holdings and their relationship to...
Persistent link: https://www.econbiz.de/10010397707
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Enabling a sustainable Fourth Industrial Revolution: How G20 countries can create the conditions for emerging technologies to benefit people and the planet
Herweijer, Celine; Combes, Benjamin; Johnson, Leo; … - 2018
The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realization that the 4IR could also exacerbate problems for people and the planet. The G20 should champion a holistic approach to the 4IR that helps to...
Persistent link: https://www.econbiz.de/10011817096
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Nonfundamental representations of the relation between technology shocks and hours worked
Barigozzi, Matteo; Capasso, Marco - 2008
Estimating the response of hours worked to technology shocks is often considered as a crucial step for evaluating the … estimated using a VAR, and retrieve alternative nonfundamental representations of the relation between technology shocks and … conditioning on a technology shock. This result is more robust than the results by Christiano et al. [2004], because it is …
Persistent link: https://www.econbiz.de/10010328611