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A model of human capital, time discounting and economic growth

Bauer, Michal (contributor); Chytilová, Julie (contributor) - 2008

development regimes and it illustrates wider role of education in tackling possible development traps. -- growth ; human capital … ; education ; time discounting ; discount rate ; poverty …

Persistent link: https://www.econbiz.de/10003755176

Rent Seeking,Growth and Pre-Election Policies

Angelopoulos, Konstantinos; Economides, George - 2006

We construct an otherwise standard general equilibrium model of economic growth and optimally chosen fiscal policy, in which individuals compete with each other for extra fiscal transfers and two political parties compete with each other for staying in power. The main prediction is that...

Persistent link: https://www.econbiz.de/10014059537

Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-Recipient Countries

Oikonomidēs, Geōrgios; Kalyvitēs, Sarantēs; … - 2021

In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent-seeking as opposed to productive activities. We construct a model of a small growing open economy that distinguishes two effects from foreign transfers: (i) a direct positive...

Persistent link: https://www.econbiz.de/10013319369

A model of human capital, time discounting and economic growth

Bauer, Michal; Chytilová, Julie - 2008

development regimes and it illustrates wider role of education in tackling possible development traps. …

Persistent link: https://www.econbiz.de/10010322280

A Theory of Dynamics and Inequalities Under Epidemics

Boucekkine, Raouf; Laffargue, Jean‐Pierre - 2007

not only penalized in front of death, they are also penalized in the access to education. Epidemics are modeled as one … mainly rely on orphans: if orphans are more penalized in the access to a high level of education than in front of death, they …

Persistent link: https://www.econbiz.de/10014224546

Speculative Growth : Hints from the U.S. Economy

Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004

We propose a framework for understanding recurrent historical episodes of vigorous economic expansion accompanied by extreme asset valuations, as exhibited by the U.S. in the 1990s. We interpret this phenomenon as a high-valuation equilibrium with a low effective cost of capital based on...

Persistent link: https://www.econbiz.de/10014100918

Growth with Unintended Bequests

Cipriani, Giam - 2014

In an overlapping generations model with finite lifetimes sustained growth is possible if there is a positive risk of death. A redistribution occurs when non-altruistic parents leave unintended bequests to their children

Persistent link: https://www.econbiz.de/10013059849

Altruism, Education Subsidy and Growth

Armellini, Mauricio; Basu, Parantap - 2010

An optimal education subsidy formula is derived using an overlapping generations model with parental altruism. The … model predicts that public education subsidy is greater in economies with lesser parental altruism because a benevolent … government has to compensate for the shortfall in private education spending of less altruistic parents with a finite life. On …

Persistent link: https://www.econbiz.de/10014193691

Altruism, education subsidy and growth

Armellini, Mauricio; Basu, Parantap - 2010

Persistent link: https://www.econbiz.de/10011524110

Coordination Failure in Technological Progress, Economic Growth and Volatility

Li, Mei - 2007

Technological progress has long been posited to be crucial in a country's economic growth. This paper argues that coordination failure in a country's new technology investment can be one of the barriers in a country's capital accumulation and economic growth. The global game established by...

Persistent link: https://www.econbiz.de/10011940761