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Economic growth and convergence during the transition to production using automation capital
Dujava, Daniel; Lábaj, Martin - 2019
This paper examines the implications of automation capital in a Solow growth model with two types of labour. We study the transition from standard production to production using automation capital which substitutes low-skilled workers. We assume that despite advances in technology, AI and...
Persistent link: https://www.econbiz.de/10012125628
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Chapter 10 Explaining cross-country income differences
McGrattan, Ellen R.; Schmitz, James A. - In: Handbook of macroeconomics : volume 1, part A, (pp. 669-737). 1999
variables are included as explanatory variables. Estimates found using quantitative theory depend in critical ways on values of …
Persistent link: https://www.econbiz.de/10014024240
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Is there economic convergence in Asia?
Canlas, Dante B. - 2020
Lucas Jr. and Paul Romer in endogenous growth theory to interpret observed growth in Asia. Data are taken from the 45 …
Persistent link: https://www.econbiz.de/10012233447
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Publish and perish : creative destruction and macroeconomic theory
Chatelain, Jean-Bernard; Ralf, Kirsten - 2017
business cycles theory and testing inflation persistence. … theory appears not to be a cumulative science so far. When attempts are done to settle controversies by "nature" (testing the … or non-identified when testing them. Two examples are provided, one in growth theory and testing convergence, one in …
Persistent link: https://www.econbiz.de/10011597938
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Interest premium and economic growth: the case of CEE
Baksa, Dániel; Kónya, István - 2017
This paper views the growth and convergence process of the four Visegrad economies - the Czech Republic, Hungary, Poland and Slovakia - through the lens of the open economy, stochastic neoclassical growth model. We use a unified framework to understand both the long-run convergence path and...
Persistent link: https://www.econbiz.de/10011686350
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Habit formation, dynastic altruism, and population dynamics
Schäfer, Andreas; Valente, Simone - 2007
We study the general equilibrium properties of two growth models with overlapping generations, habit formation and endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in fertility; station- ary income per capita is...
Persistent link: https://www.econbiz.de/10003761255
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Culture as a growth resource
Maital, Shlomo - In: Borderlands of economics : essays in honour of Daniel …, (pp. 171-193). 1997
Persistent link: https://www.econbiz.de/10001302291
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A test of the conditional convergence hypothesis : econometric evidence from African countries
Murthy, N. R. Vasudeva; Ukpolo, Victor - In: Economics letters 65 (1999) 2, pp. 249-253
Persistent link: https://www.econbiz.de/10001416561
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Patience and prosperity
Strulik, Holger - 2009
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more...
Persistent link: https://www.econbiz.de/10003877571
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Education and growth with learning by doing
Marconi, Gabriele; Grip, Andries de - 2015
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10010529431