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knowledge distribution affects the growth rate. A change in the distribution not only affects the occupational choice of agents …We develop a two sector growth model to understand the relation between inequality and growth. Agents, who are endowed … with different levels of knowledge, select either into a retail or a manufacturing sector. Agents in the manufacturing …
Persistent link: https://www.econbiz.de/10008678706
In this paper we show that the R&D effort of a country and its economic growth are highly correlated. In order to … low growth environment due to the uncertainty associated with the researching activity. In this situation, the economy … sufficiently, then the risk associated with R&D activities drops and the economy hires more researchers. Consequently, growth does …
Persistent link: https://www.econbiz.de/10010747858
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …
Persistent link: https://www.econbiz.de/10011800301
This paper surveys new growth theory with emphasis on three open issues known from old endogenous growth theory of the … specifications of production functions for technical progress? We show that new growth theory has made progress on the first two …
Persistent link: https://www.econbiz.de/10011112647
We develop an endogenous growth model with two sectors, manufacturing and non-manufacturing. The manufacturing sector … is the source of the balanced productivity growth. We study how the economy responds to shifts in sector … employed in the manufacturing sector follows an inverted V curve, and that the growth rate increases. Thus, the model captures …
Persistent link: https://www.econbiz.de/10005628700
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …
Persistent link: https://www.econbiz.de/10011799845
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …
Persistent link: https://www.econbiz.de/10012215452
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …
Persistent link: https://www.econbiz.de/10012213998
of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life …. We specify and calibrate a dynamic model with four intertemporal links: education, physical capital, knowledge and the … life (QuoL), emphasizes education, knowledge, and the environment, affected by greenhouse gas emissions, in addition to …
Persistent link: https://www.econbiz.de/10010547230
over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive … connection between accumulation regimes and growth. The standard model will be modified by means of the introduction of a non …, showing that a higher growth rate is possible only by means of a devaluate real exchange rate. The empirical results show a …
Persistent link: https://www.econbiz.de/10008738802