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Human Capital and Growth in Japan : Converging to the Steady State in a 1% World
Breton, Theodore R. - 2014
I use a dynamic Solow growth model, augmented with human capital, labor-hours, and oil prices, to show that Japan’s growth in GDP/adult over 1969-2007 can be explained as a process of convergence to a world steady-state rate of 1%/year. I find that each additional year of average schooling...
Persistent link: https://www.econbiz.de/10014198355
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Examining the "natural resource curse" and the impact of various forms of capital in small tourism and natural resource-dependent economies
Petar, Kurecic; Kokotovic, Filip - In: Economies : open access journal 5 (2017) 1, pp. 1-24
The problem of the relevance of human and natural capital, as well as the potential adverse effect of natural capital on economic growth, has gained increased attention in development economics. The aim of this paper is to assess, theoretically and empirically, the relevance of several forms of...
Persistent link: https://www.econbiz.de/10011613294
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Trends in the relation between regional convergence and economic growth in EU
Albu, Lucian-Liviu - 2016
The purpose of this study is to investigate the relation between regional convergence inside of countries in EU and overall economic growth, and, based on it, to establish some relevant behavioural regimes. As data sources we are using the available dataset NUTS 2 from EUROSAT for the period...
Persistent link: https://www.econbiz.de/10011866850
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International spillovers in a world of technology clubs
Stöllinger, Roman - 2013
Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...
Persistent link: https://www.econbiz.de/10011374310
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Causes of growth in transition countries 1990 - 2012 : comparative analysis ; preprint
Čizmović, Mirjana; Popović, Milenko - 2014
This paper provides comparative analysis of the proximate causes of growth of South East European, Central European and Former Soviet Union countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand...
Persistent link: https://www.econbiz.de/10010434175
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The role of total factor productivity growth in middle-income countries
Kim, Jungsuk; Park, Jungsoo - 2017
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975-2014. We find that TFP growth contributed significantly to a country’s upward transition from middle-income to high-income country group. The TFP...
Persistent link: https://www.econbiz.de/10011754850
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Education and Growth : Where All the Education Went
Breton, Theodore R. - 2016
We investigate why the economics literature often finds a negative relationship between increased schooling and GDP growth over short periods. We show that increases in GDP in 98 countries during five-year intervals are correlated with the increases in adults' average schooling during the prior...
Persistent link: https://www.econbiz.de/10012999229
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International spillovers in a world of technology clubs
Stöllinger, Roman - 2013
Persistent link: https://www.econbiz.de/10009785316
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Real income convergence between Central Eastern and Western Europe : past, present, and prospects : paper presented at the 33rd CIRET (Centre for International Research on Economic...
Matkowski, Zbigniew; Prochniak, Mariusz; Rapacki, Ryszard - 2016
The paper presents an analysis of real income convergence between the 11 countries of Central Eastern Europe which have … joined the European Union (EU11) and 15 countries of Western Europe (EU15) in the period 1993-2015. The evolution of the … average GDP per capita level seen in Western Europe. The third scenario, based on a long-term economic forecast for the EU …
Persistent link: https://www.econbiz.de/10011548764
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Diffusion of technology and convergence of income among countries
Oz, Sumru - 2014 - Preliminary version; April 9, 2014
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655