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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Demographic change and R&D-based economic growth : reconciling theory and evidence
Prettner, Klaus; Trimborn, Timo - 2012
In recent decades, most industrialized countries experienced declining population growth rates caused by declining fertility and associated with rising life expectancy. We analyze the effect of continuing demographic change on medium- and long-run economic growth by setting forth an R&D-based...
Persistent link: https://www.econbiz.de/10009615301
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Demographic Change and R&D-Based Economic Growth : Reconciling Theory and Evidence
Trimborn, Timo - 2012
In recent decades, most industrialized countries experienced declining population growth rates caused by declining fertility and associated with rising life expectancy. We analyze the effect of continuing demographic change on medium- and long-run economic growth by setting forth an R&D-based...
Persistent link: https://www.econbiz.de/10013101165
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
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Technology Spillovers, Information Externality, and Stock Price Crash Risk
Kim, Jeong-Bon - 2020
Technology spillovers have previously been shown to positively affect a firm's market value and innovation activities …. We build on this literature by showing that value-relevant information from technology spillovers significantly reduces … potential endogeneity. We further demonstrate two likely channels for the crash risk-reducing effect of technology spillovers …
Persistent link: https://www.econbiz.de/10012853539
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Capital-Labor Complementarities in R&D Production and the Lingering Effects of Economic Slowdowns
Orlov, Alexei G. - 2014
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabilization policies, the paper studies the long-term effects of economic slowdowns. We construct a discrete-time endogenous growth model, in which a recession, defined as a reduction in resource...
Persistent link: https://www.econbiz.de/10013055533
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The role of human capital in structural change and growth in an open economy : innovative and absorptive capacity effects
Bye, Brita; Fæhn, Taran - 2021
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10012421142
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Children s health, human capital accumulation, and R&D-based economic growth
Baldanzi, Annarita; Bucci, Alberto; Prettner, Klaus - 2017
We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i)...
Persistent link: https://www.econbiz.de/10011609038
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The Role of Market Power in Economic Growth : An Analysis of the Differences between EU and US Competition Policy Theory, Practice and Outcomes
Ciriani, Stephane - 2016
The European Union has experienced relatively weak economic performance over the past fifteen years, notably compared to the U.S. In order to restore investment, innovation, and therefore growth, the European Commission seeks to raise the level of static competition in all markets. The...
Persistent link: https://www.econbiz.de/10012979601
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Competition, Innovation and Productivity Growth : A Review of Theory and Evidence
Ahn, Sanghoon - 2002
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed static gains observed in the short run since firms will...
Persistent link: https://www.econbiz.de/10012446761