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We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011491971
employment of rural population, respectively the influence that the level of education has on employment, and how it is reflected …A higher level and continuous education throughout entire life (necessary for adapting to the changes in the labor … market) and a better health offer greater chances of sustained economic and social development. Also, a higher education …
Persistent link: https://www.econbiz.de/10011591278
The creative sector is one of the driving forces of total employment growth. Furthermore, economic studies suggest that … employment and on creative sector's employment growth in western Germany's regions from 1977 to 2004. For the analysis, the de … growth rate of total employment. The results show, moreover, that an initially large share of regional creative professionals …
Persistent link: https://www.econbiz.de/10011546880
, engineering, education, arts and entertainment. We define three non overlapping categories of human capital (creative graduates …
Persistent link: https://www.econbiz.de/10011516047
concerning the clear identification of the education and creativity components of human capital. The main purpose of this paper …
Persistent link: https://www.econbiz.de/10011550852
that an upward shift in employment, triggered for instance by a labor market reform, is beneficial in the long-run as it … stagnation of real wages can in this setting constitute two sides of the same coin as a result of the shift in employment: In the … immediate phase following the shock, labor productivity and real wages stagnate as employment gains are initially …
Persistent link: https://www.econbiz.de/10012307862
This contribution is motivated by two stylized observations, the slowdown in growth, and a simultaneous income polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the nexus, we argue that the demand side plays a role. We...
Persistent link: https://www.econbiz.de/10012287662
This paper introduces the Geographic Macro and Regional (GMR) model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital...
Persistent link: https://www.econbiz.de/10011530582
This work attempts to examine how the global financial crisis has affected the education sector and more specifically … are the main tool for innovation which leads in business development and growth and can reinforce the endogenous regional … case of Greece. More specifically, we are presenting the current situation in Greek Higher Education, focusing on the New …
Persistent link: https://www.econbiz.de/10011538437
A core mechanism of unified growth theory is that accelerating technological progress induces mass education and, in … technological progress on investments in education and a strongly negative one on fertility. Using two-stage regressions, we assess …
Persistent link: https://www.econbiz.de/10013328306