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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
This paper presents a novel theoretical and empirical approach to the analysis of long-run economic growth. It shows that most traditional theoretical models share the feature of pair-wise cointegration among the main variables. An augmented Kaldor model is proposed in contrast to the standard...
Persistent link: https://www.econbiz.de/10010296161
Die Auswirkungen einer staatlichen Verschuldung auf das Wirtschaftswachstum werden im Rahmen eines erweiterten neoklassischen Wachstumsmodells mit AK-Technologie analysiert. Der Staat verfolgt das Ziel einer festen Defizitquote und einer langfristig konstanten Schuldenquote. In diesem Fall gibt...
Persistent link: https://www.econbiz.de/10010296576
This paper examines the role of alternative assumptions on savings and expectations for the fixwage traverse with strong forward biased technological change. After briefly outlining the model, some peculiarities of the adjustment path under the Hicksian Q-Assumption are investigated....
Persistent link: https://www.econbiz.de/10010297691
We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...
Persistent link: https://www.econbiz.de/10010301177
This paper employs a dynamic framework to compare the effects of alternative government activities on convergence of industrialized economies to the technology frontier. The government's Instruments include facilitating private investment and education policy. The latter enhances skills of...
Persistent link: https://www.econbiz.de/10010301732
Capital accumulation and creative destruction is modeled together with risk-averse households. The novel aspect - risk-averse households - allows to use well-known models not only for analyzing long-run growth as in the literature but also short-run fluctuations. The model remains analytically...
Persistent link: https://www.econbiz.de/10010305413
Die wirtschaftliche Integration verändert den Wachstumspfad der beteiligten Länder durch Skalen-, Faktorreallokations- und Faktorhandelseffekte. Während die oft stark betonten Skaleneffekte das Wachstum eindeutig fördern, können durch Handel ausgelöste Verschiebungen der sektoralen...
Persistent link: https://www.econbiz.de/10010306055
Persistent link: https://www.econbiz.de/10009484145
Umrisse einer qualitativen Theorie des Wachstums
Persistent link: https://www.econbiz.de/10009484152