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A highly skilled immigration can be growth enhancing if the positive contribution of the imported brains to the host … economy’s human capital stock outweighs the immigration-induced adverse effect on educational incentives for natives, or … growth depleting if the latter effect dominates. -- Skilled immigration ; growth …
Persistent link: https://www.econbiz.de/10003962666
A highly skilled immigration can be growth enhancing if the positive contribution of the imported brains to the host … economy's human capital stock outweighs the immigration-induced adverse effect on educational incentives for natives, or …
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In 1960s-1980s Japan enjoyed high economic growth. In the early 1990s, however, the growth rate drastically declined and thereafter Japan has been suffering secular stagnation. This paper proposes a dynamic macroeconomic model that can consistently explain such a drastic change in economic...
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Technological change causes three consequences: it guarantees economic growth, it requires employees to acquire more skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second consequence makes it almost necessary for employees to...
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We analyse long-term consumption paths in a dynamic two-sector economy with overlapping generations. Each young generation saves for the retirement age, both with private savings and pension funds. The productivity of each sector can be raised by sector-specific research while the essential use...
Persistent link: https://www.econbiz.de/10002634021