Showing 1 - 10 of 8,431
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
Persistent link: https://www.econbiz.de/10010334945
valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …
Persistent link: https://www.econbiz.de/10010315414
Evidence points to relatively low supply elasticities for workers skilled for research and development (R&D), which can hamper innovation and growth. Increasing the supply of R&D skills will expand an economy's innovative capacity. A simultaneous effect of increased education, which is...
Persistent link: https://www.econbiz.de/10011968464
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10012493003
specialisation patterns. These mechanisms are linked to technology but also demand. Second, the paper investigates the relationship …
Persistent link: https://www.econbiz.de/10010328557
We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i)...
Persistent link: https://www.econbiz.de/10011610766
of information and communication technology seems to have had a substantial impact on the performance of the United … infrastructure, like education and skills, in order to reap the benefits from ICT investment. Technology by itself is not a solution …
Persistent link: https://www.econbiz.de/10010279209
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
This paper theoretically studies the role of the financial system in promoting macroeconomic stability and growth. It also explains endogenously the development of the financial system as part of the growth process. The productive sector engages in R\&D activities, and finances its activities...
Persistent link: https://www.econbiz.de/10013208504