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though if its growth is caused by capital accumulation (perspiration factors) or driven by Total Factor Productivity (TFP …) growth (inspiration factors). The difference between both stances is quite substantial since, if the perspiration theory is … correct, one expects the growth of the Chinese economy to slow down over time as the capital accumulation grows increasingly …
Persistent link: https://www.econbiz.de/10011110187
running from social conditions and factors to productivity growth. <p> The objective of the second issue of the Review of … between population, education, health and social divergence and productivity. In the fourth section, three papers address the …
Persistent link: https://www.econbiz.de/10005518911
The paper highlights that economics of education formally evolved in the last century, but its conceptualization was …. Marshall. The residual portion of economic growth which was unexplained by traditional economic inputs was, instead, one main … reason of the spreading of the literature on education after 1960. In those years, the Chicago School and G. Becker adopted …
Persistent link: https://www.econbiz.de/10005627684
predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates … around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and …
Persistent link: https://www.econbiz.de/10011142138
economic growth, the growth optimization is possible to be achieved by allocating sufficient resources to education. The …The new models of development take into account the influence of social capital in inducing the economic growth … transaction costs and to lay off large amounts that can be redirected towards investments, thereby inducing economic growth. The …
Persistent link: https://www.econbiz.de/10010558943
The links between the development of human potential and its various structures on one hand, and economic growth and … economic growth, but also a virtual receiver of the output of economic activities. On one hand, economic growth affects the …, duration and labor difficulties . On the other hand, the working population can exert a favorable influence on economic growth …
Persistent link: https://www.econbiz.de/10010897084
</titre> The international community generally agrees on the essential role of training and education in the … secondly with the specific measurement of the micro and macro economics of education with the limits of the measurement of the … multidimensional effects of education on development. …
Persistent link: https://www.econbiz.de/10011025332
This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into … slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …
Persistent link: https://www.econbiz.de/10005666953
The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the … political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when … redistribution is in the form of government expenditure on education, and government expenditure does not crowd out private …
Persistent link: https://www.econbiz.de/10005670327
The international community generally agrees on the essential role of training and education in the development process … which are in underdevelopment traps. This article will first deal with the effects of teaching about economic growth and … second with the multidimensional effects of education on development. …
Persistent link: https://www.econbiz.de/10005819484