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In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as 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...
Persistent link: https://www.econbiz.de/10011984077
pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …
Persistent link: https://www.econbiz.de/10011920831
Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations … standard multisector growth model accommodating these features to show that inefficient intermediate production strongly … depresses aggregate productivity and increases the price ratio of final goods to services. Applying the model to data for middle …
Persistent link: https://www.econbiz.de/10009379741
a relatively robust growth of high-skill-specific productivity. Their GDP growth failed to reflect that because they … and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a …
Persistent link: https://www.econbiz.de/10012869262
reform is mainly due to productivity growth, and that the income inequality is increasing over time. This paper is a … here matches the magnitude of productivity growth, economic growth and change in Gini coefficients observed in China. On …This paper studies two striking stylized facts about China's reform: that the output growth in the early stage of the …
Persistent link: https://www.econbiz.de/10014146355
variability in income levels and their growth rates. We review estimates for a wide range of policy variables. In many cases, the … magnitude of the estimates is under debate. Estimates found by running cross-sectional growth regressions are sensitive to which …
Persistent link: https://www.econbiz.de/10014024240
Misallocation of human capital across sectors can have substantial negative implications for aggregate output. So far, the literature examining this type of labor misallocation has assumed a Cobb-Douglas production function. Our paper departs from this assumption and instead considers more...
Persistent link: https://www.econbiz.de/10014429346
of production and correlations with technical changes are measured by Total Factor Productivity as an expression of … Technical Efficiency to assess Total Factor Productivity …
Persistent link: https://www.econbiz.de/10013110272
the so-called "Growth Disease", i.e., the tendency of aggregate productivity growth to slow down in the process of … service sector may raise rather than lower aggregate productivity growth if the service industries produce intermediate rather … raised or lowered aggregate productivity growth in the G7 countries. …
Persistent link: https://www.econbiz.de/10011776981
In this work we update the reviews on endogenous growth theories, after two decades of theoretical and empirical … core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and … factors responsible for growth differences in the data, the primary focus of this paper is on the last two. We will review …
Persistent link: https://www.econbiz.de/10010298563