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Standard economic theories have severe difficulties in simultaneously explaining a number of key aggregate empirical facts: i) there are substantial differences in capital-labor ratios across time ii) despite continuously increasing capital-labor ratios, both factors still earn non-negligible...
Persistent link: https://www.econbiz.de/10011742669
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Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10014575605
Persistent link: https://www.econbiz.de/10014549683
Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10014557744
conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … reduction in growth volatility, of more than 50%, in the agricultural sector, and a gradual stabilization in services. On the … expenditure side, private consumption and investment have also stabilized considerably. Most of the decline in aggregate growth …
Persistent link: https://www.econbiz.de/10013336273
Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10014545117
indicate a positive correlation between ICT implementation and economic growth in Mexico. To answer whether ICT may be a key … strategy for economic growth in the Mexican economy is the main purpose of this work. …
Persistent link: https://www.econbiz.de/10010298525
Harberger's 'A Vision of the Growth Process', Presidential Address at the 1998 Annual Meeting of the American Economic … industries. According to Harberger, this is because the effect of broad externalities - such as those linked to the growth of the … negligible as compared to industry- and firm-specific causes of productivity growth. The argument is that, if growth was driven …
Persistent link: https://www.econbiz.de/10010328403
capital utilization has important consequences for the results stemming from cross-country growth and levels accounting.  …
Persistent link: https://www.econbiz.de/10014588431