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Individuals engaged in rent seeking accumulate sector specific human capital through learning-by-doing. If agents specialize, small reforms of the trade regime may fail to reduce the level of the rent-seeking activity. The size of the reform necessary to induce movement out of rent seeking is...
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We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
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Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … - are thus much better than predicted by conventional R&D-based growth theory. …
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Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … countries - are thus much better than predicted by conventional R&D-based growth theory. …
Persistent link: https://www.econbiz.de/10009675344
This paper presents an endogenous growth model of migration and technological diffusion with transitional dynamics, which provide explanations for the empirical pattern of the mobility transition. A two-skill group extension of this model offers new hypotheses regarding the skill composition of...
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