Showing 1 - 10 of 3,229
A standard Ak-model of endogenous growth has been extended to allow for an intertemporal conflict between capitalists … endowments, can experience different long-term growth rates …
Persistent link: https://www.econbiz.de/10014199144
economic growth are converging to a steady state and obtain high rates of inflation, and higher levels of consumption …
Persistent link: https://www.econbiz.de/10012857378
We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter
Persistent link: https://www.econbiz.de/10014064275
the context of the simple linear growth model. We provide analytical results on how the dynamic politicoeconomic … equilibrium maps the economic fundamentals to policies and long-run growth. We find that in a deterministic growth environment … capital is higher. Therefore, the politicoeconomic channel reinforces the positive role of productivity for growth. In a …
Persistent link: https://www.econbiz.de/10014066719
This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations … abundance of the revenue. Abundant revenues may harm growth, but growth and welfare can be oppositely affected. We also provide …
Persistent link: https://www.econbiz.de/10010320923
policy mix, markets' functioning, and public institutions' quality affect long-term growth and welfare. The reforms include … and welfare gains along the transition and balanced growth paths. In contrast, a lower markup in the research sector hurts … innovation, leading to lower growth over both paths and welfare losses along the transition. …
Persistent link: https://www.econbiz.de/10014364961
obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …
Persistent link: https://www.econbiz.de/10010291838
transition as a change in general purpose technology (GPT) and investigate how it interferes with economic growth driven by …
Persistent link: https://www.econbiz.de/10010306033
The effect of business tax and regulation on growth, together with potential effects of government spending on … education and R&D, is embodied in a model of a small open economy with growth choices. The structural model is estimated on post … regressions of growth. Statistical rejection can occur at either the structural or the growth regression stage. The models …
Persistent link: https://www.econbiz.de/10010322775
production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … of the structural conditions; we graphically show that the main determinants of endogenous economic growth and takeoff …; simplified scenarios are identified via numerical simulations, in which patterns of aggregate growth are obtained as an emerging …
Persistent link: https://www.econbiz.de/10010328363