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Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an …
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Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth …. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process …. Stable and sustained long-term growth in output requires the continuous creation of new technological and commercial …
Persistent link: https://www.econbiz.de/10010335051
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10010335303
also small relative to the variation in growth in average incomes, implying that the latter accounts for most of the … variation in income growth in the poorest quintiles. These findings hold across most regions and time periods and when … conditioning on a variety of country-level factors that may matter for growth and inequality changes. This evidence confirms the …
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A highly skilled immigration can be growth enhancing if the positive contribution of the imported brains to the host … growth depleting if the latter effect dominates. …
Persistent link: https://www.econbiz.de/10010336021
trends. We evaluate the implications of climate change for overall growth and development prospects to 2050. We focus on … uncertainty in climate forecasts. We find that climate change is unlikely to substantially slow overall economic growth over the …
Persistent link: https://www.econbiz.de/10010343197
Researchers have linked sub-Saharan Africa's (SSA) poor growth performance in recent decades to several factors … identifies linkages between gender, economic development, and growth, however. This paper explores the macro effects of gender … stimulus to growth in a number of SSA countries underscores the importance of assessing the gender effect of macroeconomic …
Persistent link: https://www.econbiz.de/10010343211