Showing 1 - 10 of 39
We extend the sensitivity analysis of cross-country growth regressions of Levine and Renelt (1992) by introducing a semi-parametric formulation of their regression function. Our results differ from theirs in how certain policy variables affect growth rates. We find that distortion variables,...
Persistent link: https://www.econbiz.de/10014143572
Persistent link: https://www.econbiz.de/10003358107
Persistent link: https://www.econbiz.de/10013408075
Introduction to human capital and economic growth -- The concept of human capital : a brief historical review -- Theoretical models of human capital and economic growth -- Human capital and endogenous models of economic growth -- Threshold effects, multiple equilibria, and nonlinearities in...
Persistent link: https://www.econbiz.de/10003731140
While the theoretical literature on Foreign Direct Investment (FDI) focuses largely on movements in capital and firm specific technology, recent empirical evidence emphasizes primarily the local human capital necessary to absorb FDI technology. We examine how human capital affects FDI and add a...
Persistent link: https://www.econbiz.de/10013106807
Persistent link: https://www.econbiz.de/10001354751
Persistent link: https://www.econbiz.de/10003734372
This paper develops a model incorporating costly disinvestment and estimates the associated commitment premium required to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital by 70 percent. This implies an average annual hurdle...
Persistent link: https://www.econbiz.de/10012465382
This paper develops a model incorporating costly disinvestment and estimates the associated commitment premium required to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital by 70 percent. This implies an average annual hurdle...
Persistent link: https://www.econbiz.de/10012759928
This paper utilises an intertemporal optimisation framework to study the effects of public infrastructure capital on output supply and input demands in 12 OECD countries. We find that in all 12 countries: (i) public capital has positive long-run effects on both output supply and input demands...
Persistent link: https://www.econbiz.de/10014151215