Showing 161 - 170 of 1,166
Desde la propuesta de Schumpeter (1911)(1)de que los servicios prestados por el sistema financiero son importantes para la promoción de la innovación tecnológica y el crecimiento económico(2). ha existido un relativo consenso entre los economistas en el sentido de que el desarrollo del...
Persistent link: https://www.econbiz.de/10005196679
This paper presents an endogenous growth model where the aggre- gate production function is a Leontief (1941) and long run growth is completely explained through biased technological change. Under this framework we get two results: (i) if the income share of reproducible factors is high enough,...
Persistent link: https://www.econbiz.de/10005768248
El objetivo de este trabajo es contribuir a identificar el efecto de las remesas que envían los emigrantes a sus comunidades de origen en México. Del mismo modo, se estudia el efecto que la participación de la mujer tiene en este proceso. La fuente de información es el Consejo Nacional de...
Persistent link: https://www.econbiz.de/10005769405
We present an Overlapping Generations Model with two final goods: tradable goods are produced with a standard Cobb-Douglas production function and non-tradable goods are produced with linear production function where the only factor is labor. We maintain the fundamental assumption of factor...
Persistent link: https://www.econbiz.de/10005769407
We try to explain why economic conflicts and illegal business often take place in poor countries. We use the concept of subsistence level of consumption (d) and assume a regular concave utility function for consumption levels higher than d. For consumption levels lower than d utility is constant...
Persistent link: https://www.econbiz.de/10005769409
The common assumptions that labor income share does not change over time or across countries and that factor income shares are equal to the elasticity of output with respect to factors have had important implications for economic theory. However, there are various theoretical reasons why the...
Persistent link: https://www.econbiz.de/10005769410
In general, empirical studies on economics rely on the assumption of constant capitalshare of income both at the aggregate level and at the sector level. However, there is noempirical evidence supporting the constancy of capital share at the sector level. In thispaper, using Colombian data, we...
Persistent link: https://www.econbiz.de/10008509414
We formulate and solve a model of factor saving technological improvementconsidering three factors of production: labor, capital and energy.The productive activities have three main characteristics: first, in order to usecapital goods firms need energy; second, there are two sources of energy:...
Persistent link: https://www.econbiz.de/10008491649
We use annual data on capital’s share and relative factor prices from 35 US industries from 1960 to 2005 to test the induced innovation hypothesis. We derive, from a production function framework, testable implications for the effect of contemporaneous and lagged factor price ratios on...
Persistent link: https://www.econbiz.de/10008476058
The relative stability of aggregate labor's share constitutes one of the great macroeconomic ratios. However, relative stability at the aggregate level masks the unbalanced nature of sectoral labor's shares. We present a two-sector (manufacturing and services) model with induced innovation that...
Persistent link: https://www.econbiz.de/10008480572