Showing 51 - 60 of 229
We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...
Persistent link: https://www.econbiz.de/10010264251
We examine the impact of government transfers and the business cycle on poverty in the United States in the context of a poverty function that includes the official poverty rate, three types of government transfers, real wages, the number of female-headed families, and a business cycle variable....
Persistent link: https://www.econbiz.de/10010265069
Der Dollar als internationale Schlüsselwährung. Ursachen und Perspektiven Der US-Dollar ist bis heute die mit Abstand bedeutendste internationale Schlüsselwährung. Seit einiger Zeit mehren sich aber die Stimmen, die der amerikanischen Währung – wie schon einmal gegen Ende der 50er Jahre...
Persistent link: https://www.econbiz.de/10014522360
Inflation, Faktorsubstitution und Wirtschaftswachstum Jüngere empirische Studien über den Zusammenhang zwischen Inflation und Wachstum zeigen, dass Inflation auch schon bei relativ geringen Raten negative Wachstumseffekte besitzen kann. In der monetären Wachstumstheorie fehlt es jedoch an...
Persistent link: https://www.econbiz.de/10014523378
Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining such a pattern. It is shown in this paper that this...
Persistent link: https://www.econbiz.de/10009635886
Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential estimation biases that have occurred in earlier studies and putting a high emphasis on the consistency of the data set, required by...
Persistent link: https://www.econbiz.de/10009639421
The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical parameters in many fields of economics. Until recently, though, the application of production functions with non-unitary substitution elasticities (i.e., non Cobb Douglas) was...
Persistent link: https://www.econbiz.de/10009640627
The paper starts with a view on public debt as a current and historical phenomenon. Then follows a short review of traditional explanations for the debt-state link. Three different approaches are distinguished, the first one building on institutional economics, the second one on applications of...
Persistent link: https://www.econbiz.de/10013533256
In order to reach climate neutrality by 2050, the European Union is taking action in the form of extensive sustainability regulations with the aim to push the private sector towards sustainable economic activities. In this context, a new instrument to finance a company's sustainability...
Persistent link: https://www.econbiz.de/10014293726
The empirical evidence on how industrial robots affect employment and wages is very mixed. Our meta-study helps to uncover the potentially true effect of industrial robots on labor market outcomes and to identify drivers of the heterogeneous empirical results. By means of a systematic literature...
Persistent link: https://www.econbiz.de/10014328211