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Estimating the Speed of Convergence in the Neoclassical Growth Model: An MLE Estimation of Structural Parameters Using the Stochastic Neoclassical Growth Model, Time-Series Data, a...
Swaine, Daniel G. - Department of Economics and Accounting, College of the … - 2008
countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence … parameters of a growth model that has the conditional convergence property and then computing the speed of convergence implied by … a stochastic neoclassical growth model and compute the speed of conditional convergence in the non-stochastic model from …
Persistent link: https://www.econbiz.de/10004990451
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Workers, Machines and Economic Growth
Zeira, Joseph - C.E.P.R. Discussion Papers - 1995
This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent...
Persistent link: https://www.econbiz.de/10005504740
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Relative convergence in a dual economy with tradeable and non-tradeable goods
Schaik, Ton van; de Groot, H.L.F. - Tilburg University, Center for Economic Research - 1995
convergence, i.e. a steady state with the backward country lagging behind the leader country. The reason for this is that high …
Persistent link: https://www.econbiz.de/10011090640
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Unemployment and endogenous growth
Schaik, Ton van; de Groot, H.L.F. - Tilburg University, Center for Economic Research - 1995
In this paper we develop a two-sector endogenous growth model with a dual labour market, based on efficiency wages. Growth is driven by intentional R&D performed in the high-tech and high-wage sector. It is examined how a change in rivalry among firms affects simultaneously growth and...
Persistent link: https://www.econbiz.de/10011092234
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Organizational Modes within Firms and Productivity Growth
Daido, Kohei; Tabata, Ken - School of Economics, Kwansei Gakuin University - 2010
This paper develops a simple growth model with moral hazard contracting to examine the interactions between the organizational mode of firms and economic productivity growth. The organizational mode of firms differs in terms of the degree to which decisions of R&D investment are delegated to a...
Persistent link: https://www.econbiz.de/10008680900
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The Food Problem and the Evolution of International Income Levels
Gollin, Douglas; Parente, Stephen L.; Rogerson, Richard - 2004
This paper examines the effect of agricultural development on a country's overall development and growth experience. In most poor countries, large fractions of land, labor, and other productive resources are devoted to producing food for subsistence needs. This 'food problem' can delay a...
Persistent link: https://www.econbiz.de/10010369225
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The Food Problem and the Evolution of International Income Levels
Gollin, Douglas; Parente, Stephen L.; Rogerson, Richard - Economic Growth Center, Economics Department - 2004
This paper examines the effect of agricultural development on a country's overall development and growth experience. In most poor countries, large fractions of land, labor, and other productive resources are devoted to producing food for subsistence needs. This "food problem" can delay a...
Persistent link: https://www.econbiz.de/10005357708
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Economic Growth: Technical Progress, Population Dynamics and Sustainability
MARSIGLIO, Simone - In: Rivista Italiana degli Economisti 17 (2012) 1, pp. 151-158
Economic growth is probably the most important goal of every policy intervention because of its wide consequences on the welfare of current and future generations. Because of the current crisis faced by several industrialized countries, this is probably much clearer today than in the past. In...
Persistent link: https://www.econbiz.de/10009652375
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Economic Growth: Technical Progress, Population Dynamics and Sustainability
Simone, Marsiglio - In: Rivista italiana degli economisti (2012) 1, pp. 151-158
Economic growth is probably the most important goal of every policy intervention because of its wide consequences on the welfare of current and future generations. Because of the current crisis faced by several industrialized countries, this is probably much clearer today than in the past. In...
Persistent link: https://www.econbiz.de/10010651495
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The food problem and the evolution of international income levels
Gollin, Douglas; Parente, Stephen L.; Rogerson, Richard … - 2004
This paper examines the effect of agricultural development on a country's overall development and growth experience. In most poor countries, large fractions of land, labor, and other productive resources are devoted to producing food for subsistence needs. This 'food problem' can delay a...
Persistent link: https://www.econbiz.de/10011611950