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Technical Change, Effective Demand and Economic Growth

Landesmann, Michael; Stehrer, Robert - 2002

analysis is explored in an aggregate (one goods) setting, but many of the results carry over to a multi-sectoral setting …-profits and consumption vs. investment/growth trade-offs. We also show the conditions which have to be satisfied for full …-receivers change their behaviour with respect to investment vs. consumption spending. Section 5 moves to discuss off-steady state …

Persistent link: https://www.econbiz.de/10012099851

Human Capital Formation, Life Expectancy and the Process of Economic Development

Cervellati, Matteo; Sunde, Uwe - 2002

This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of human capital formation, technological progress, and the biological constraint of finite lifetime expectancy. All these processes are interdependent and determined endogenously. The...

Persistent link: https://www.econbiz.de/10010262667

Rethinking the concept of long-run economic growth

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2006

This paper argues that growth theory needs a more general "regularity" concept than that of exponential growth. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as...

Persistent link: https://www.econbiz.de/10010263898

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2009

This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set...

Persistent link: https://www.econbiz.de/10010265856

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2009

This paper argues that growth theory needs a more general notion of 'regularity' than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set of...

Persistent link: https://www.econbiz.de/10010271478

European Union and the Solow model: Empirical contribution to theories of economic growth

Abdallah, Kareem - In: World Economy and Policy (WEP) 2 (2023) 2, pp. 1-23

The following article deals with the basic Solow model of economic growth for the states of the EU-28 and empirically confirms its conclusions. Based on growth accounting, and by analyzing different determinants of the respective steady states of each country, we confirm the importance of...

Persistent link: https://www.econbiz.de/10014547813

Financial development, globalization, and structural transformation in developing countries

Avoumatsodo, Komla - 2023

Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...

Persistent link: https://www.econbiz.de/10014551574

A stylized model of China’s growth since 1978

Glawe, Linda; Wagner, Helmut - 2017

This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we distinguish between three major reform periods,...

Persistent link: https://www.econbiz.de/10012196394

Gender issues in Kaleckian distribution and growth models: On the macroeconomics of the gender wage gap

Hein, Eckhard - 2020

We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model and examine the effects of improving gender wage equality on income distribution, aggregate demand, capital accumulation and productivity growth. For the closed economy model,...

Persistent link: https://www.econbiz.de/10012215452

Impact of government expenditure on economic growth in Nigeria, 1970-2019

Aluthge, Chandana; Jibir, Adamu; Abdu, Musa - In: CBN Journal of Applied Statistics 12 (2021) 1, pp. 139-174

This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts...

Persistent link: https://www.econbiz.de/10012604585