Showing 1 - 10 of 745,647
We develop a growth model that features the endogenous two-tier innovations of information carrier technology and … production technology. Information carrier technology promotes production technology innovation and thus economic growth through … consumption per capita and production technology are higher than the growth rate of information carrier technology. The model …
Persistent link: https://www.econbiz.de/10014083675
Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks … technology. In addition, a version of the model is developed that is constrained to produce fixed factor shares so that it can be …
Persistent link: https://www.econbiz.de/10014062624
sector, our model incorporates two key aspects of knowledge: technology and human capital. Steady-state equilibrium …
Persistent link: https://www.econbiz.de/10014066508
This paper introduces an economically meaningful concept of generality of an input and defines a coefficient of technological generality, an intuitive measure of congruence in the R&D required for improving the quality of various adaptations of a general purpose input. It is shown in a...
Persistent link: https://www.econbiz.de/10012940899
This paper investigates the growth impact of Information and Communication Technologies (ICT) in an economy consisting of three sectors: ICT-producing, ICT-using, and non-ICT-using. The ICT progress causes falling prices of the consumption and intermediates produced by the ICT-using sector,...
Persistent link: https://www.econbiz.de/10014046428
How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...
Persistent link: https://www.econbiz.de/10012597831
In this paper we study two closely related issues. First, the role of technology heterogeneity and diffusion in the … pattern of the observed regional heterogeneity in technology and the relevance of this pattern for the econometric analysis of … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …
Persistent link: https://www.econbiz.de/10014134744
This paper surveys recent research on the macroeconomic implications of demographic and technological changes. Lower fertility and increasing longevity have implications on the age population structure and, therefore, on the balance between savings and investment. Jointly with meagre...
Persistent link: https://www.econbiz.de/10012033383
We propose an overlapping generations framework in which life expectancyis determined endogenously by governmental health investments. As a novelty, we are able to examine the feedback effects between life expectancy and R&D-driven economic growth for the transitional dynamics. We find that i)...
Persistent link: https://www.econbiz.de/10012430654
We analyze the economic growth effects of rising longevity in a framework of endogenous growth driven by quality-improving innovations. We show that a rise in longevity raises savings and thereby reduces the market interest rate. Since the monopoly profits generated by a successful innovation...
Persistent link: https://www.econbiz.de/10011761615