Showing 1 - 10 of 10,271
This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...
Persistent link: https://www.econbiz.de/10010292068
While consumption models with multiplicative habits are becoming increasingly popular, some important theoretical questions about these models have not yet been addressed. This paper fills three such gaps: Existence of an optimal consumption path; satisfaction, by that path, of the consumption...
Persistent link: https://www.econbiz.de/10010293473
This paper aims at analyzing the implications of individuals' consumption jealousy on the dynamic structure of a two-sector model economy. We find that status-seeking substantially influences both, the long-term properties and the adjustment behavior of the model. Depending on the status motive,...
Persistent link: https://www.econbiz.de/10010294033
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10010294690
Wachstumstheorie verwiesen, die vielfältige Möglichkeiten für wohlfahrtsfördernde staatliche Interventionen aufgezeigt hätten. Im … Wachstumstheorie läßt sich beispielsweise erklären, weshalb ein Land wie Japan fortgeschrittene Industrieländer nicht nur einholen …, sondern sogar überholen kann - ein Phänomen, das mit der herkömmlichen Wachstumstheorie nur schwer in Einklang zu bringen war …
Persistent link: https://www.econbiz.de/10010295015
How does technical progress affect long-term unemployment in a small open economy? This relationship is evaluated in an open neoclassical growth model that is extended by a Pissarides-style labor market matching approach. In the general equilibrium model, the labor market of the three factor...
Persistent link: https://www.econbiz.de/10010295494
This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a threshold regression technique in econometrics. In...
Persistent link: https://www.econbiz.de/10010295504
How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching-model is developed, in which the unemployment pool consists of heterogeneous unemployed workers, short-term and long-term unemployed, and with an endogenous skill-depreciation of the...
Persistent link: https://www.econbiz.de/10010295581
How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers and with endogenously determined long-term unemployed...
Persistent link: https://www.econbiz.de/10010295584
Population ageing and decline are inescapable facts for Germany which are expected to have - especially due to the labour force decrease - negative impacts on the economy. In this context it is often referred to the possibility of countering potentially negative economic effects of population...
Persistent link: https://www.econbiz.de/10010295605