Showing 10,011 - 10,020 of 10,260
In this paper, we analyze government budget balance within a simple model of endogenous growth. For the AK model, simple analytical conditions for a tax cut to be self-financing can be derived. The critical variable is not the tax rate per se, but the transfer-adjusted tax rate. We discuss some...
Persistent link: https://www.econbiz.de/10005634569
This paper develops an endogenous growth model with foreign direct investment (FDI) and examines the impact of the latter on capital accumulation, output and total factor productivity (TFP) growth in the recipient economy. Time series and panel data evidence are provided for a sample of OECD and...
Persistent link: https://www.econbiz.de/10005635158
This paper extends previous work on the optimal size of government spend- ing by including nested functional decompositions of military spending into consumption and investment. Post World War II US data are then used to estimate nested non-linear growth models using semiparametric methods. As...
Persistent link: https://www.econbiz.de/10005227948
Economists generally hold that environmental regulations impose constraints on the production possibilities set and are therefore potentially harmful to economic growth. In recent years, however, it has been recognized that environmental regulation can enhance the prospects for growth if...
Persistent link: https://www.econbiz.de/10005230841
This study focuses on the dynamic evolution of a small open economy specialized in tourism based on natural resources when tourist services are supplied to foreign tourists who are crowding-averse and give positive value to the environmental quality. We analyse the steady-state properties and...
Persistent link: https://www.econbiz.de/10005230879
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into ac- count...
Persistent link: https://www.econbiz.de/10005230914
Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...
Persistent link: https://www.econbiz.de/10005230919
This paper presents a microfounded theory of long-term development. We model the interplay between economic variables, namely the process of human capital formation and technological progress, and the biological constraint of finite lifetime expectancy. All these processes affect each other and...
Persistent link: https://www.econbiz.de/10005232508
Human capital is increasingly believed to play an important role in the growth process, however, adequately measuring its stock remains controversial. This paper identifies three general approaches to human capital measurement; cost-based, income-based and education-based, and presents a...
Persistent link: https://www.econbiz.de/10005464972
En el presente documento se estudia el impacto del gasto público en educación sobre el crecimiento económico y el bienestar, para lo cual se construye un modelo de generacionestraslapadas y crecimiento endógeno. Los agentes se educan con el fin de acumular capital humano, mientras el...
Persistent link: https://www.econbiz.de/10005466537