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The paper investigates how results obtained with standard CGE models can be improved by incorporating the effects of R&D activity in a recursively-dynamic CGE model built for the economy of the Czech Republic. The main objective of the paper is to quantify the impact of R&D activity on the...
Persistent link: https://www.econbiz.de/10011195562
In view of the increasing importance of private research in the Czech economy and elsewhere in Europe, this paper attempts to quantify the effect of private R&D on economic growth by applying a Computable General Equilibrium (CGE) model which incorporates the effects of capital varieties...
Persistent link: https://www.econbiz.de/10010686521
In this study, we assess the economy-wide effects of biofuel investment in Ethiopia, with a focus on the external sector. The Government of Ethiopia has been revising its energy policy to switch from imported fossil oil to domestically produced biofuels, partly in response to climate change and...
Persistent link: https://www.econbiz.de/10010693408
China is experiencing rapid population ageing with the proportion of the population aged 65 and above projected to … 2015 and to turn strongly negative. China's low retirement age compounds the ageing problem. One means to mitigate the … extension schemes on China's economic growth. It finds that raising the retirement age increases effective labour input, real …
Persistent link: https://www.econbiz.de/10010737013
This paper probes into the growth and distributional consequences of four basic policy options emanating from the three sources of economic growth, namely, physical capital, human capital and technological progress, with the help of a computable general equilibrium model of India. The simulation...
Persistent link: https://www.econbiz.de/10010709422
In this paper, a model of the nitrogen cycle in the soil is incorporated in a Computable General Equilibrium (CGE) model of the Tanzanian economy, thus establishing a two-way link between the environment and the economy. For a given level of natural soil productivity, profit-maximising farmers...
Persistent link: https://www.econbiz.de/10011069225