combination of industry- and firm-level data. Technological change in the investment goods-producing sector and greater global …

feedback mechanisms. We analyze society’s economic decisions on birth rates, investment into human and physical capital, and … rates depending on the possibilities of emission abatement and technical progress due to human capital accumulation. We … rate is constant even during the transition to a steady state. In particular in an economy where only human capital is …

same time it can modify the allocation of consumption, investment and the capital stock. With capital …, a shock to the process of capital-embodied technological progress is shown not to raise investment as much as could be … account of the improvement in the quality of capital goods rises only modestly. The muted investment response might seem very …