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A model of human capital, time discounting and economic growth
Bauer, Michal (contributor); Chytilová, Julie (contributor) - 2008
Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate … depends upon the level of human capital. This assumption accords strongly with the micro-level evidence. In the model an … individual optimizes consumption over two periods. Low human capital societies do not grow fast since high discount rate …
Persistent link: https://www.econbiz.de/10003755176
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Barriers to exit
Chong, Alberto (contributor); León, Gianmarco (contributor) - 2006
Unlike previous empirical studies that focus on barriers to entry in international trade, we focus on barriers to exit as measured by passport costs for a crosssection of countries. We test four common theories on the determinants of such exit barriers and find that macroeconomic and brain-drain...
Persistent link: https://www.econbiz.de/10003774571
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Regional external economies and economic growth under asymmetry
Holod, Dmytro; Reed, Robert R. - In: Southern economic journal 75 (2009) 4, pp. 1123-1140
Persistent link: https://www.econbiz.de/10003863398
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Credit quantity and credit quality : bank competition and capital accumulation
Cetorelli, Nicola; Peretto, Pietro F. - 2009
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic … developing a dynamic general-equilibrium model of capital accumulation in which banks operate in a Cournot oligopoly. The … screen loan applicants and thus to poorer capital allocation. We also show that conditioning on economic parameters …
Persistent link: https://www.econbiz.de/10003864581
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Notes on factor price equality and biased technical change in a two-cone trade model
Becker, Daniel Thomas; Gundlach, Erich - 2006
model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … neutral demand side and capital biased growth in the most capital intensive sector, we find that economic growth encourages …
Persistent link: https://www.econbiz.de/10003884594
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Biofuel subsidies : an open-economy analysis
Bandyopadhyay, Subhayu; Bhaumik, Sumon Kumar; Wall, … - 2009
We present a general equilibrium analysis of biofuel subsidies in an open-economy context. In the small-country case, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on crude is not available as a policy option, however, a...
Persistent link: https://www.econbiz.de/10003920242
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The historical fertility transition : a guide for economists
Guinnane, Timothy - 2010
The historical fertility transition is the process by which much of Europe and North America went from high to low fertility in the nineteenth and early twentieth centuries. This transformation is central to recent accounts of long-run economic growth. Prior to the transition, women bore as many...
Persistent link: https://www.econbiz.de/10008664560
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Varieties of systems of innovation : a survey of their evolution in growth theory and economic geography
Christ, Julian P. - 2007
The systems of innovation (SI) approach has been established and extended during the last two decades. Although elementary goals and progress have been reached through seminal contributions by Freeman (1987), Lundvall (1992) or Nelson (1993), in designing a generic approach, displaying the...
Persistent link: https://www.econbiz.de/10003958828
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Symbolic values, occupational choice, and economic development
Corneo, Giacomo (contributor); Jeanne, Olivier (contributor) - 2007
Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various occupations, but also by the esteem that they confer. We propose a model of endogenous growth in...
Persistent link: https://www.econbiz.de/10003526186
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Strategic choice of freight mode and investments in transport infrastructure within production networks
Ying Yi Tsai - 2009
In the context of production linkages in which downstream producers require freight services provided by transport operators, I show that the strategic choice of using an alternative transport mode does not necessarily induce lower access charges, relative to the standard transport mode....
Persistent link: https://www.econbiz.de/10003855476