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On the Mechanism of Sector Biased Technical Change and the Fundamental Driving Force of Structural Change
Zhang, Pengfei - 2013
We construct a two-sector semi-endogenous growth model to investigate the mechanism of sector biased technical change and identify the fundamental driving force of structural change. We find that the balanced sectoral growth will be inevitable, in which structural change could not take place in...
Persistent link: https://www.econbiz.de/10013086733
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Impact De L’Ouverture Nord-Sud Sur Le Progrès Technique Et Les Inégalités Salariales (The Impact of North-South Trade upon Technical Change and Wage Inequality)
Hellier, Joël - 2013
reduces R&D and the productivity growth when labour markets are perfectly competitive, and (ii) increases R&D and productivity …
Persistent link: https://www.econbiz.de/10013090446
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Testing Unified Growth Theory : Technological Progress and the Child Quantity–Quality Trade-off
Madsen, Jakob - 2020
A core mechanism of unified growth theory is that accelerating technological progress induces mass education and, in interaction with child quantity-quality substitution, a decline in fertility. Using unique new data for 21 OECD countries over the period 1750-2000, we test, for the first time,...
Persistent link: https://www.econbiz.de/10012835221
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Technological Change and Inequality in the Very Long Run
Madsen, Jakob - 2020
agriculture, and provide evidence for technology-driven inequality in Britain between 1525 and 1895. We confirm these results for … a panel of European countries over the period 1265–1850 using agricultural productivity as a measure of technology …
Persistent link: https://www.econbiz.de/10012836171
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A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change
Growiec, Jakub - 2007
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of labor- and capital-augmenting developments. Using the Clayton copula family to capture...
Persistent link: https://www.econbiz.de/10012731549
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Shifts and Twists in the Relative Productivity of Skilled Labor
Dupuy, Arnaud - 2006
labor. This implies that the relative productivity of skilled workers changes proportionally in all tasks. In contrast, we … argue that technical changes also affect the curvature of the distribution of relative productivity. Building on Rosen … productivity slowdown in the mid 70s through the 80s and to a speedup in the 90s …
Persistent link: https://www.econbiz.de/10012733736
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Growth, Development, and Technological Change
Grossmann, Volker - 2007
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...
Persistent link: https://www.econbiz.de/10012777881
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The Relation between War, General Purpose Technologies and Dynamics of K-Waves for Technological, Economic and Social Change
Coccia, Mario - 2017
widespread adoption in markets. These main factors drive the evolution of LWs and generate technological, productivity and …
Persistent link: https://www.econbiz.de/10012958847
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Volatility and Slow Technology Diffusion
Ferraro, Domenico - 2017
I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an analytically-tractable model in which: (i) uncertainty about the returns to adoption delays technology diffusion; and (ii) the mean and volatility of output growth are jointly determined...
Persistent link: https://www.econbiz.de/10012967954
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Disagreement about Innovations and Endogenous Growth
Heyerdahl-Larsen, Christian - 2019
We study an equilibrium model with disagreement about the likelihood of successful innovations. We show that disagreement stimulates aggregate economic growth and overcomes market failures that would otherwise occur in an equilibrium without disagreement. The higher growth with disagreement...
Persistent link: https://www.econbiz.de/10012859072