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The role of human capital in economic growth: New results and alternative interpretations
Gundlach, Erich - 1995
While it is largely uncontroversial that human capital can be considered as one of the shaping factors of economic growth, no agreement exists on the specific role of human capital formation. Competing theories all stressing different aspects of human capital formation are not in short supply,...
Persistent link: https://www.econbiz.de/10010265921
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Warum gibt es arme und reiche Länder in der Weltwirtschaft? Wirtschaftliche Entwicklung aus der Sicht der neoklassischen Wachstumstheorie
Gundlach, Erich - 1995
. Dies beginnt sich seit einigen Jahren mit dem Aufkommen der "neuen" Wachstumstheorie zu ändern. Deren Implikationen stützen … Humankapital. …
Persistent link: https://www.econbiz.de/10010313791
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Human Capital and Cross-Country Comparison of Inequality
Viaene, Jean-Marie; Zilcha, Itzhak - 2002
The paper studies the effects of cross-country differences in the productionprocess of human capital on income distribution and growth. Our overlapping gen-erations economy has the following features: (1) consumers are heterogenous withrespect to parental human capital and wealth; (2)...
Persistent link: https://www.econbiz.de/10010324734
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Human Capital Formation, Income Inequality and Growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10010324875
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010265548
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010281026
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Second thoughts on development accounting
Gundlach, Erich; Rudman, Desmond; Wößmann, Ludger - 1998
We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have...
Persistent link: https://www.econbiz.de/10010265363
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2008 Lawrence R. Klein lecture - Comparative economic development: Insights from unified growth theory
Galor, Oded - 2009
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10010284035
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R&D-based growth in the post-modern era
Strulik, Holger; Prettner, Klaus; Prskawetz, Alexia - 2010
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10010352611
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Wissen und Neue Wachstumstheorie: Die Rolle von fachspezifischem Humankapital
Rehme, Günther - 2007
Wissen in Prototypen endogenen Wachstums der ''Neuen Wachstumstheorie'' aufgezeigt. Die Rolle von Wissen und Humankapital ist …In dieser Arbeit wird ein Überblick über einige Kernaussagen der ''Neuen Wachstumstheorie'' über den Zusammenhang von … Wissen und wirtschaftlicher Entwicklung gegeben. Ausgehend von der ''neoklassischen'' Wachstumstheorie wird die Bedeutung von …
Persistent link: https://www.econbiz.de/10010266882