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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/10011398011
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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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Inequality of Opportunity and Economic Development
Ferreira, Francisco H. G.; Walton, Michael - 2006
Just as equality of opportunity becomes an increasingly prominent concept in normative economics, the authors argue that it is also a relevant concept for positive models of the links between distribution and aggregate efficiency. Persuasive microeconomic evidence suggests that inequalities in...
Persistent link: https://www.econbiz.de/10014060088
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The Importance of Education Quality for Growth and Development
Gerba, Eddie - 2015
at the technology frontier through a simple process of technological transfers, we are able to show that education … quality not only speeds up the process of technology diffusion but it also helps account for 45-53 per cent of differences in … labor productivity. As we argue, failure to control for the gap in technology levels between the leader and the follower …
Persistent link: https://www.econbiz.de/10013033448
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Stages of Growth in Economic Development
Kejak, Michal - 2010
The paper analyses a two-sector model of endogenous growth with two common features of economic development: stages of sustained growth and underdevelopment traps. The model also demonstrates the transitional issues of a temporary underdevelopment trap, seemingly sustainable growth, and a...
Persistent link: https://www.econbiz.de/10014199012
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Climate and Unified Growth Theory, the Role of Climate in Comparative Development
Sadik, Jacques - 2007
This paper develops a model of unified growth based on a positive feed back between growth and longevity. The model explains the historical development of industrialized countries as well as why tropical countries did not follow the same path. It also gives a mechanism for conditional...
Persistent link: https://www.econbiz.de/10014224970
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Advertising, Innovation and Economic Growth
Cavenaile, Laurent - 2019
This paper analyzes the implications of advertising for firm dynamics and economic growth through its interaction with R&D investment at the firm level. We develop a model of endogenous growth with firm heterogeneity that incorporates advertising decisions. We calibrate the model to match...
Persistent link: https://www.econbiz.de/10012893363
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The Telecommunications Industry and Economic Growth : How the Market Structure Matters
Jerbashian, Vahagn - 2016
This paper presents an endogenous growth model where, in line with the recent empirical evidence, the telecommunications industry (telecom) is an engine of growth. In such a framework, this paper analyzes the channels through which telecom contributes to economic growth and focuses on market...
Persistent link: https://www.econbiz.de/10014184839