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In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10010440426
Persistent link: https://www.econbiz.de/10014252494
play a vital role in this development process. Thus, the objective of this conference is to provide a forum for interested …
Persistent link: https://www.econbiz.de/10014132312
This article presents new international estimates of human capital for the period 1970–2003. The new latent index is used to re-examine the Benhabib and Spiegel (2005) model of technology diffusion in a horse-race with the competing indicators of Barro and Lee (2010) and Hanushek and Wößmann...
Persistent link: https://www.econbiz.de/10014142856
is a vicious cycle in which the degree of specialization, productivity and wages stay low, wealth and income inequality … greater division of labor and higher long run development …
Persistent link: https://www.econbiz.de/10014122305
Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These...
Persistent link: https://www.econbiz.de/10013388815
by structural transformation, technical change, and institutional bias toward capital intensive development to evaluate … the Vietnamese development experience. We find that while some of the difference between GDP and employment growth can be …
Persistent link: https://www.econbiz.de/10011326184
In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in per-capita income levels and growth rates is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10009712336
Ultra-broadband diffusion, information technology (IT) advances and the market mass decreasing costs are determining a growing adoption of processing and storage resources at the edge of current telecom networks that, ultimately, are the end-users. The number of devices connected to the network...
Persistent link: https://www.econbiz.de/10013018675
We construct a simple model where political elites may block technological and institutional development, because of a … replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We … show that elites are unlikely to block development when there is a high degree of political competition, or when they are …
Persistent link: https://www.econbiz.de/10014119495