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The level and growth effects in empirical growth models for the Nordic countries : a knowledge economy approach
Cooray, Arusha; Paradiso, Antonio - 2012
Persistent link: https://www.econbiz.de/10009575318
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Human capital and economic growth : a review essay
Škare, Marinko; Lacmanović, Sabina - In: Amfiteatru economic : an economic and business research … 17 (2015) 39, pp. 735-760
Human capital as a critical engine of economic growth is present in many empirical and theoretical body of knowledge on growth models and theory. However, the conclusion on its importance as a driver of economic growth remains inconclusive. The aim of this study is to provide and detailed...
Persistent link: https://www.econbiz.de/10011822835
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Unemployment and productivity growth : an empirical analysis within the augmented Solow model
Bräuninger, Michael; Pannenberg, Markus - 2000
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10011325983
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The past and future of knowledge-based growth
Strulik, Holger; Prettner, Klaus; Fürnkranz-Prskawetz, … - 2012
Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …
Persistent link: https://www.econbiz.de/10009619095
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Unemployment and productivity growth : an empirical analysis within the augmented Solow model
Bräuninger, Michael; Pannenberg, Markus - 2016
the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …-run productivity growth. Using panel data from 13 OECD countries from 1960 to 1990, we find evidence that an increase in unemployment … scales down the long-run level of productivity. …
Persistent link: https://www.econbiz.de/10011440805
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Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model
Pannenberg, Markus; Bräuninger, Michael - 2021
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10013321303
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Specific and General Human Capital in an Endogenous Growth Model
Vourvachaki, Evangelia - 2014
In this paper, we define specific (general) human capital in terms of the occupations whose use is spread in a limited (wide) set of industries. We analyze the growth impact of an economy's composition of specific and general human capital, in a model where education and R&D are costly and...
Persistent link: https://www.econbiz.de/10013039933
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Short-Run and Long-Run Effects of Public Debt on Economic Performance : Evidence from EMU Countries
Gómez-Puig, Marta - 2015
This paper contributes to the literature by examining the possible influence of public debt on economic performance, using data from both central and peripheral countries of the European Economic and Monetary Union for the 1960-2012 period. To this end, a simple aggregate production function...
Persistent link: https://www.econbiz.de/10013015520
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Nonfinancial Debt and Economic Growth in Euro-Area Countries
Gómez-Puig, Marta - 2017
In this paper we analyse the effects of all sources of the accumulation of nonfinancial debt (household, corporate as well as government) on economic growth in ten euro-area countries during the 1980-2015 period. To this end, we make use of three models (a baseline, an asymmetric and a threshold...
Persistent link: https://www.econbiz.de/10012951846
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Heterogeneity in the Debt-Growth Nexus : Evidence from EMU Countries
Gómez-Puig, Marta - 2017
The objective of this paper is to examine whether the threshold beyond which public debt may have a detrimental effect on economic growth changes across euro area countries during the 1961-2015 period. In contrast with previous studies, we do not use panel estimation techniques, but implement a...
Persistent link: https://www.econbiz.de/10012959846