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Or Paradox Regained? The answer is Paradox Regained. New data confirm that for countries worldwide long-term trends in happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a different conclusion, aside from problems of data...
Persistent link: https://www.econbiz.de/10011451233
Persistent link: https://www.econbiz.de/10014341706
Germany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for...
Persistent link: https://www.econbiz.de/10010265594
two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves to be …
Persistent link: https://www.econbiz.de/10010292939
calibrate the model to US data and show that the historical evolution of increasing education and declining labor supply can be …
Persistent link: https://www.econbiz.de/10010294422
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …
Persistent link: https://www.econbiz.de/10011288208
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …
Persistent link: https://www.econbiz.de/10011306647
In this paper an effort has been made to unveil some hidden and implicit assumptions that has been used in different models dealing with analysis and measurement of contribution of human capital to economic growth. We start from general production function with heterogeneous labor input and...
Persistent link: https://www.econbiz.de/10010321660