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The process of economic development is characterized by substantial rural-urban migrations and a decreasing share of agriculture in output and employment. The literature highlights two main engines behind this process of structural change: (i) improvements in agricultural technology combined...
Persistent link: https://www.econbiz.de/10005030884
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …
Persistent link: https://www.econbiz.de/10005106643
Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …
Persistent link: https://www.econbiz.de/10005816443
dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy and obtain the following results. First, the effect of a decline in population growth on labor … productivity growth is positive and quantitatively significant. In our benchmark, it is predicted to increase from an average …
Persistent link: https://www.econbiz.de/10010906781
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531112
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …
Persistent link: https://www.econbiz.de/10010529424
The efect of taxation on growth is embodied in a model of a small open economy with endogenous growth. The structural … variation. Panel data regressions of growth on taxation do not reject this model but do reject a model with no tax effects. …
Persistent link: https://www.econbiz.de/10005807990
Persistent link: https://www.econbiz.de/10009206621
In this paper, we develop an endogenous growth model that combines structural change with repeated product improvements …
Persistent link: https://www.econbiz.de/10009365198
We propose an endogenous growth model that incorporates the importance of business contacts and informal contacts. In …, which we understand as networks of informal contacts. Technological growth is driven by the replacement of contacts within …
Persistent link: https://www.econbiz.de/10008694519