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Rent Sharing, Aggregate Saving and Growth
Engel, Charles M.; Kletzer, Kenneth M. - 1998
We investigate the effects on saving and growth of the rent sharing between firm owners and workers documented in recent empirical work. In an overlapping-generations framework, more rent sharing is found to increase growth. This result also holds in a model with a single generation of...
Persistent link: https://www.econbiz.de/10014065437
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Convergence at last? Evidence from Transition Countries
Polanec, Sašo - 2004
In this paper, we test the neoclassical growth model and its main prediction of conditional convergence of productivity for a sample of transition countries over the period 1990-2002. We split the sample into three periods: 1990-1994, 1994-1998 and 1998-2002 and confirm the convergence...
Persistent link: https://www.econbiz.de/10010313244
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Innovation, Socio-Institutional Conditions and Economic Growth in the Italian Regions
d'Agostino, Giorgio - 2013
This paper carries out an explanatory investigation into the relationship between social and institutional contextual factors and economic growth in the Italian regions. We construct a three-sector semi-endogenous growth model with negative externalities depending on social and institutional...
Persistent link: https://www.econbiz.de/10013089152
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On Economic Growth and Investment Income Taxation in a Creative Region
Donovan, Pierce - 2015
We study economic growth and investment income taxation in a region that is creative in the sense of Richard Florida. Specifically, this region possesses both creative and physical capital. Of the two sectors in this region, one produces final consumption goods and the other produces investment...
Persistent link: https://www.econbiz.de/10013022733
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Growth Externalities, Unions, and Long-Term Wage Accords
Zagler, Martin - 2013
unemployment for a given rate of economic growth. The increase in labor resources will in turn also yield faster growth rates in a …
Persistent link: https://www.econbiz.de/10014142818
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Economic Growth, Structural Change, and Search Unemployment
Zagler, Martin - 2013
cost being high and persistent unemployment. This paper develops an economy with an endogenously expanding service sector …, where the constant flow of workers in and out of employment relation leads to structural unemployment. The main finding is … that the level of unemployment is different between the initial period and the long-run equilibrium growth path, and that …
Persistent link: https://www.econbiz.de/10014142820
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A neo-Kaleckian-Goodwin model of capitalist economic growth : monopoly power, managerial pay, labor market conflict, and endogenous technical progress
Palley, Thomas I. - 2012
This paper presents a neo-Kaleckian-Goodwin model of growth and distribution. The key innovation is the introduction of managerial pay. Kaleckian monopoly power determines the functional distribution of income and Goodwin labor bargaining power determines wage bill division. The model helps...
Persistent link: https://www.econbiz.de/10009672475
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Unemployment and growth : putting unemployment into Post Keynesian growth theory
Palley, Thomas I. - 2018
Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …
Persistent link: https://www.econbiz.de/10011926923
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The economics of the super-multiplier
Palley, Thomas I. - 2018
shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …
Persistent link: https://www.econbiz.de/10011927111
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Okun's law in Mexico: an analysis of heterogeneity among States, 2004-2018
Loría Díaz, Eduardo; Rojas, Susana; Martínez, Eduardo - In: CEPAL review 134 (2021), pp. 135-152
Persistent link: https://www.econbiz.de/10013269787