Showing 1 - 10 of 22,475
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per …
Persistent link: https://www.econbiz.de/10011807641
production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … of the structural conditions; we graphically show that the main determinants of endogenous economic growth and takeoff …; simplified scenarios are identified via numerical simulations, in which patterns of aggregate growth are obtained as an emerging …
Persistent link: https://www.econbiz.de/10010328363
Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of … productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural … results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth. …
Persistent link: https://www.econbiz.de/10011435155
by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short … growth model with evolutionary microfounded structural change. The model endogenies both technical change and changes in … patterns of final and intermediate demand as affecting macro-economic growth, through the structural change of the economy …
Persistent link: https://www.econbiz.de/10010281857
This paper examines the link between structural change and growth in India. It constructs indices of structural change …, and performs a time series analysis of the data. It finds that 1988 marks a break in the time series of growth and … structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010287747
This paper examines the link between structural change and growth in India. It constructs indices of structural change …, and performs a time series analysis of the data. It finds that 1988 marks a break in the time series of growth and … structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010288166
accumulation. The present article studies international convergence and divergence, linking structural change with trade and growth …&D intensive sectors allows achieving higher rates of growth in the long term and increases the capacity to respond to demand … changes. A virtuous export-led growth requires laggard countries to reduce the technological gap with respect to more advanced …
Persistent link: https://www.econbiz.de/10010328590
corresponding rate with the investments. For this reason, the investment rate of companies is currently almost at the same level as … in the years 2000–2008. However, after the financial crisis the development of investment volume has been weaker in … capital in clearly better in Finland than in most other European countries. The investment rate in Finland is reduced …
Persistent link: https://www.econbiz.de/10012037690
prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital … inputs where growth increases with rising energy prices. In the empirical part, estimations using different channels and …, they can even be positive for growth. …
Persistent link: https://www.econbiz.de/10011753112