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state. Adequate long term emphasis on innovation dynamics is crucial for sustained growth where innovation should include …Key aspects of economic growth and sustainable consumption are highlighted in the context of a modified neoclassical … growth model. If we consider the topic of optimum growth in a broader context the notion of efficient specialization - in …
Persistent link: https://www.econbiz.de/10008540475
In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven … micro-founded approach both, questions the old divisions between growth and development economics, and also provides the … analytical tools to design successful; strategies and appropriate institutions to achieve fast convergence and sustainable growth …
Persistent link: https://www.econbiz.de/10009150919
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … both an engine of growth and a potential barrier to it. As a result, growth in an inverse U-shaped function of the …
Persistent link: https://www.econbiz.de/10008621792
conflicts, and output growth performance over the last few centuries. By analyzing political responses to the distributional …
Persistent link: https://www.econbiz.de/10010332295
This paper analyzes the long-run relationship between output collapses-defined defined as GDP falling substantially below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...
Persistent link: https://www.econbiz.de/10010278252
Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … has on average been subdued. This study analyses the differences in growth performance and macroeconomic stability across …
Persistent link: https://www.econbiz.de/10011430893
asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …
Persistent link: https://www.econbiz.de/10010318876
towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …-industrial nations was channeled towards population growth. …
Persistent link: https://www.econbiz.de/10010318893
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant … portion of these gains in less developed economies have been channeled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10010284056
The present study aims to investigate the financial liberalisation and growth nexus in Pakistan by using the FM … financial development promotes the economic growth of the country. Moreover, Investment, human capital, trade openness and … government expenditure are also significant contributors to economic growth. …
Persistent link: https://www.econbiz.de/10012814294