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Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we … argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of …

Persistent link: https://www.econbiz.de/10014293308

Efficiency ranking of economic growth toward sustainable growth with grey system theory : the case of small countries in advanced and emerging economies

Nowak, Marcin; Kokocińska, Małgorzata - In: International journal of management and economics 59 (2023) 3, pp. 183-196

The article refers to the new Synthetic Efficiency Indicator for Economic Growth (SEI-EG) proposed in an earlier publication. Research from 2016-2018 in 11 EU countries revealed small nations were notably more effective at sustainable growth than their larger counterparts. This prompted the...

Persistent link: https://www.econbiz.de/10014444688

A survey on modeling economic growth : with special interest on natural resource use

Voosholz, Frauke - 2014

The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...

Persistent link: https://www.econbiz.de/10010350794

Normalized CES supply-side system approach : how to replicate Klump, McAdam, and Willman (2007)

Daniels, Gerald Eric <Jr.>; Kakar, Venoo - 2018

This paper lays out a replication plan for the influential paper by Klump et al. (Factor Substitution and Factor-augmenting Technical Progress in the United States: a Normalized Supply-side System Approach 2007) on using a normalized CES supply-side system approach to estimate the value of the...

Persistent link: https://www.econbiz.de/10011812682

Regional convergence in Russia : estimating a neoclassical growth model

Lehmann, Hartmut; Oščepkov, Aleksej Ju.; Silvagni, … - 2020

In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...

Persistent link: https://www.econbiz.de/10012183996

Sources of Algeria's economic growth : 1979-2019 : augmented growth accounting framework and growth regression method

Haouas, Amine; Ochi, Anis; Labidi, Mohamed Ali - In: Regional science policy and practice : RSPP 16 (2024) 3, pp. 1-19

This paper examines the sources of economic growth in Algeria, studying the key drivers of their slow and weak economic performance, during the period of 1979-2019 from the perspective of the augmented growth accounting framework and the growth regression method. More specifically, the paper...

Persistent link: https://www.econbiz.de/10014517023

Participation of artificial intelligence in economic growth in Romania

Ioan-Franc, Valeriu; Gâf-Deac, Ioan I. - In: Amfiteatru economic : an economic and business research … 26 (2024) 67, pp. 944-956

The purpose of this article is to demonstrate that it is necessary to model the connections of the Romanian economy for growth with the help of Artificial Intelligence (AI). That is why it is useful to align with the trends in the EU economy and on a global level to use innovative technologies,...

Persistent link: https://www.econbiz.de/10015077583

From worship to worldly pleasures : secularization and long-run economic growth

Strulik, Holger - 2012 - This version: May 2012

In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...

Persistent link: https://www.econbiz.de/10010357676

Can general purpose technology theory explain economic growth? : electrical power as a case study

Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

Persistent link: https://www.econbiz.de/10010252126

The influence of different production functions on modeling resource extraction and economic growth

Voosholz, Frauke - 2014 - Corrected Draft September 2014

In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...

Persistent link: https://www.econbiz.de/10010402272

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