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shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor … change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … and traditional capital are complements. The model replicates the dynamics of the observed functional income distribution …
Persistent link: https://www.econbiz.de/10013206154
The present paper sheds new light on the growth implications of gender inequalities in the Moroccan labour market. We … uses this information for simulations based on a simple macroeconomic model. The second relies on country panel variation … to relate growth to the relative employment of women and, also, suggest simulations for Morocco. Both approaches lead to …
Persistent link: https://www.econbiz.de/10012509934
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …
Persistent link: https://www.econbiz.de/10011596523
testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the … Neo-Kaleckian model. This paper reviews and empirically tests the validity and the policy conclusions of the two models in … the Euro Area. First, we theoretically assess whether the SSM may con stitute a complex variant of the Neo-Kaleckian model …
Persistent link: https://www.econbiz.de/10011984077
growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can …Elevated levels of government debt raise concerns about their effects on long-term growth prospects. Using the cross … government debt and future growth …
Persistent link: https://www.econbiz.de/10011962223
step, we present a standard neoclassical growth model augmented by automation capital and capital adjustment costs that is …, automation capital, and population growth. In the empirical analysis, we find indications for cointegrating equations for the …
Persistent link: https://www.econbiz.de/10012426258
This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …
Persistent link: https://www.econbiz.de/10003618427
spillovers in a multi-country model. The interdependence that connects countries in an international web promotes exchanges of …-term growth. …
Persistent link: https://www.econbiz.de/10010366570
literature. We use a dualistic model based on Dixit (1970) and on Mas-Colell and Razin (1973) to obtain hypotheses to be tested … in cross-region growth regressions. In particular, we wish to test whether a high initial allocation of labor in … agriculture in fact generates--in each sector as well as at the aggregate level--the specific impact on productivity growth (and …
Persistent link: https://www.econbiz.de/10014073863
Persistent link: https://www.econbiz.de/10012259970