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-based approach is the economic theory which typically considers the merits of privatization on efficiency-based grounds …
Persistent link: https://www.econbiz.de/10012417441
Persistent link: https://www.econbiz.de/10013484513
Der entwicklungsökonomische Diskurs ist aktuell geprägt durch eine kontroverse Debatte zwischen Jeffrey Sachs und William Easterly. Der Beitrag rekonstruiert beide Ansätze aus ordonomischer Perspektive. Er argumentiert, dass eine auf Kooperation angelegte Semantik vergleichsweise besser...
Persistent link: https://www.econbiz.de/10011786028
Many predictions and conclusions in climate change literature have been made on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One may wonder if those policy prescriptions hold in the more realistic case of endogenously evolving...
Persistent link: https://www.econbiz.de/10011589830
Many predictions and conclusions in the climate change literature have been made and drawn on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One is naturally led to wonder whether those conclusions and policy prescriptions hold in the more...
Persistent link: https://www.econbiz.de/10014087857
The effects of technological change on wage inequality are usually studied under the assumption of exogenous supplies of skilled and unskilled workers. Moreover, in these studies there is no distinction between the stock (number of workers) and the flow (hours of work) dimension of labour...
Persistent link: https://www.econbiz.de/10014068234
I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an analytically-tractable model in which: (i) uncertainty about the returns to adoption delays technology diffusion; and (ii) the mean and volatility of output growth are jointly determined...
Persistent link: https://www.econbiz.de/10012967954
This paper contributes to the empirical literature on the non-trivial relationship between financial development and economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development, balanced growth of both the industrial and financial...
Persistent link: https://www.econbiz.de/10013008316
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics...
Persistent link: https://www.econbiz.de/10011789200
from conventional growth theory, the model developed in this paper seeks to remedy this “disturbing” state of affairs … invention and its diffusion across the stocks of both human and physical capital. In addition to contributing to growth theory …, this paper serves to bridge structural divides between growth theory, development economics, and growth accounting …
Persistent link: https://www.econbiz.de/10012914009