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knowledge distribution affects the growth rate. A change in the distribution not only affects the occupational choice of agents …We develop a two sector growth model to understand the relation between inequality and growth. Agents, who are endowed … with different levels of knowledge, select either into a retail or a manufacturing sector. Agents in the manufacturing …
Persistent link: https://www.econbiz.de/10008678706
In this paper we show that the R&D effort of a country and its economic growth are highly correlated. In order to … low growth environment due to the uncertainty associated with the researching activity. In this situation, the economy … sufficiently, then the risk associated with R&D activities drops and the economy hires more researchers. Consequently, growth does …
Persistent link: https://www.econbiz.de/10010747858
, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional … literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on structural and … translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social …
Persistent link: https://www.econbiz.de/10009370176
This paper surveys new growth theory with emphasis on three open issues known from old endogenous growth theory of the … specifications of production functions for technical progress? We show that new growth theory has made progress on the first two …
Persistent link: https://www.econbiz.de/10011112647
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …
Persistent link: https://www.econbiz.de/10011800301
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows a natural … tendency for core–periphery structures to emerge in modern knowledge-based economies. …
Persistent link: https://www.econbiz.de/10014504397
We develop an endogenous growth model with two sectors, manufacturing and non-manufacturing. The manufacturing sector … is the source of the balanced productivity growth. We study how the economy responds to shifts in sector … employed in the manufacturing sector follows an inverted V curve, and that the growth rate increases. Thus, the model captures …
Persistent link: https://www.econbiz.de/10005628700
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …
Persistent link: https://www.econbiz.de/10011799845
of knowledge and technology in economic growth. …This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has … guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical …
Persistent link: https://www.econbiz.de/10011071327
knowledge and economic growth and / or emphasize the importance of human capital in the growth process. These models take …In this paper I will examine the growth models of Romer (1986) and Lucas (1988) which constitute an important first … core to the endogenous growth theory, in order to understand the characteristics, to highlight the relationship between …
Persistent link: https://www.econbiz.de/10011111565