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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488
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Multi-task learning and the reorganization of work: From Tayloristic to holistic organization
Lindbeck, Assar; Snower, Dennis J. - 1999
The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristic" organization of work (characterized by significant specialization by tasks) to a "holistic" organization (featuring job rotation, integration of tasks...
Persistent link: https://www.econbiz.de/10010273105
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Optimal Timing of Environmental Policy; Interaction Between Environmental Taxes and Innovation Externalities
Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar - 2007
This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with R&D and the second with LbD. We study the interaction between environmental taxes and...
Persistent link: https://www.econbiz.de/10010312455
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Optimal timing of environmental policy: Interaction between environmental taxes and innovation externalities
Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar - 2006
This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with technological change through R&D and the second with LbD. We study the interaction between...
Persistent link: https://www.econbiz.de/10010284394
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Knowledge and economic progress: The role of social technologies
Eggertson, Thráinn - 2008
I focus on the independent role of social innovation in economic progress. Modern theory of economic growth and …
Persistent link: https://www.econbiz.de/10014306472
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Population, Pensions, and Endogenous Economic Growth
Heer, Burkhard; Irmen, Andreas - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10011422187
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Jánossy elmélete az új növekedéselmélet tükrében
Tarján, Tamás - 2010
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …
Persistent link: https://www.econbiz.de/10010494419
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Learning, adaptive expectations, and technology shocks
Huang, Kevin X. D.; Liu, Zheng; Zha, Tao - 2008
This study explores the macroeconomic implications of adaptive expectations in a standard real business cycle model. When rational expectations are replaced by adaptive expectations, we show that the self-confirming equilibrium is the same as the steady-state rational expectations equilibrium...
Persistent link: https://www.econbiz.de/10010292324
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Technological progress under learning by imitation
Kelly, Morgan - 2005
We analyse technological progress when knowledge has a large tacit component so that transmission of knowledge takes place through direct personal imitation. It is shown that the rate of technological progress depends on the number of innovators in the same knowledge network. Assuming the...
Persistent link: https://www.econbiz.de/10010293845
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Der Einfluß von Konsumenten auf die Determinanten wirtschaftlicher Entwicklung: Ein evolutorisches Simulationsmodell
Buschle, Nicole-Barbara - 2002
In dem vorliegenden Papier wird untersucht, inwieweit Verbraucherschutz und der Informationsstand von Konsumenten einen Einfluss auf die Entwicklung einer Industrie haben. Hierzu wird das evolutorische Simulationsmodell von Winter (1984) um einen explizit modellierten Konsumsektor in Anlehnung...
Persistent link: https://www.econbiz.de/10010305444