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unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … allow for endogenous growth within our theoretical framework, unemployment has an impact on long-run productivity growth …
Persistent link: https://www.econbiz.de/10011325983
the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …-run productivity growth. Using panel data from 13 OECD countries from 1960 to 1990, we find evidence that an increase in unemployment …Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a …
Persistent link: https://www.econbiz.de/10011440805
about the evolution and dynamics of output growth? Largely, no. Second, the existence and magnitude of output externalities …
Persistent link: https://www.econbiz.de/10014023732
productivity growth …
Persistent link: https://www.econbiz.de/10014038646
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical … growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions …
Persistent link: https://www.econbiz.de/10009681433
Barro and Lee (1994), in an influential empirical study of the determinants of economic growth, find that, whereas … growth is positively related to male schooling, it is negatively related to female schooling. Stokey (1994) has suggested … high levels of growth but very low levels of female schooling, and that deleting the female education variable would cast …
Persistent link: https://www.econbiz.de/10014184328
The results of the PISA 2000 study renewed the interest in the contribution of human capital to economic growth. So far … results reveal a positive impact of the human capital stock on economic growth suggesting that an increase in the average … schooling years by one year yields a rise in the GDP growth rate of about 0.5 percentage points. However, when taking possible …
Persistent link: https://www.econbiz.de/10014062874
We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth … county. This is a departure from much of the economic growth literature, which has (at least in part) relied on extrapolation … economic growth, (ii) the percentage obtaining a high school diploma is positively correlated with growth, and (iii) the …
Persistent link: https://www.econbiz.de/10014029441
quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …
Persistent link: https://www.econbiz.de/10013186787
measures perform well in regression analysis explaining productivity across OECD countries and over time. In OECD samples …
Persistent link: https://www.econbiz.de/10012202839