Showing 1 - 10 of 8,237
This paper develops an endogenous growth model that incorporates a frictional inventor market and examines the allocation of inventors across firms, knowledge diffusion, and its impact on growth. In our model, inventors play dual roles: they engage in in-house R&D and transfer knowledge from...
Persistent link: https://www.econbiz.de/10015054238
It is sometimes argued that more advertising raises consumption which in turn stimulates output and so economic growth … advertising does not Granger-cause growth but Granger-causes consumption. Consumption, in turn, Granger-causes GDP growth. The … data imply that the immediate impact of more advertising on consumption is positive. However, the long-run effect is …
Persistent link: https://www.econbiz.de/10010266892
Persistent link: https://www.econbiz.de/10011695783
Persistent link: https://www.econbiz.de/10011696576
Persistent link: https://www.econbiz.de/10011695891
Persistent link: https://www.econbiz.de/10011696466
identify also the distortions induced by public expenditure in the private factors allocation. In particular, we detect a …. We also associate a significant dependence of productivity on public expenditure on education as well as the role of …
Persistent link: https://www.econbiz.de/10011604894
This paper analyzes the role of complexity in production on the level of output and on its rate of growth. We develop an endogenous growth model with human capital accumulation, where increased complexity could exert either a positive or a negative effect on the level of output but always a...
Persistent link: https://www.econbiz.de/10010507385
We set up a simple dynamic macroeconomic model with (i) polluting consump- tion and a preference for a clean environment, (ii) increasing returns in abate- ment giving rise to an EKC and (iii) sustained growth resulting from a linear final-output technology. The model captures two sorts of...
Persistent link: https://www.econbiz.de/10011753098
This study is a short note designed to underline the importance of using the theoretically required form of accumulation functions. It is now a common knowledge that a growth model must rely on non-diminishing returns to a factor of production in order to generate endogenous growth. In Lucas...
Persistent link: https://www.econbiz.de/10011807214