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misspecifications resulting from the omission of spatial linkages in standard empirical models of economic growth. Our dataset consists … of TFP estimates for 73 countries over the period 1960-2000, and we find that TFP growth rates and levels are positively … the Nelson and Phelps (1966) model shows that the impact of being located close to a country with high TFP growth rates is …
Persistent link: https://www.econbiz.de/10010325577
education and language. When the EU made the borderlines between European countries less visible, the language boundary remained … "communication EU" as well as the "competency EU". Belonging should be reinforced by aiming the content of education at underlining … mobility should be increased by more transparency on the value added in learning in Higher Education in different EU countries …
Persistent link: https://www.econbiz.de/10011663476
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to …
Persistent link: https://www.econbiz.de/10011931612
aggregate and per capita GDP as a case study of recent models of endogenous growth, where "human capital" is the engine of … growth. By human capital we mean an intangible asset, best thought of as a stock of embodied and disembodied knowledge … comprising education, information, entrepreneurship, and productive and innovative skills, which is formed through investments in …
Persistent link: https://www.econbiz.de/10011931613
in the 20th century in both aggregate and per capita GDP as a case study of recent models of endogenous growth, where … "human capital" is the engine of growth. By human capital we mean an intangible asset, best thought of as a stock of embodied … and disembodied knowledge comprising education, information, entrepreneurship, and productive and innovative skills, which …
Persistent link: https://www.econbiz.de/10011944204
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10010262486
. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is … strengthens in the process of endogenous growth and moreover that it pushes the optimal trade-off between quantity and quality of …
Persistent link: https://www.econbiz.de/10010264532
This paper addresses the impact of demographic and educational factors on economic growth. First an overview of the … are analyzed using a modified growth model featuring overlapping generations. It is shown that societies facing a … demographic shock basically have two options. They either accept the growth-decreasing impact of a reduced supply of skilled …
Persistent link: https://www.econbiz.de/10010265462
of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes … growth potential derived from the region's favourable endowment with human capital and implementing growth-enhancing economic …
Persistent link: https://www.econbiz.de/10010265698
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …
Persistent link: https://www.econbiz.de/10010274159