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We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011672943
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815445
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815287
We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011671956
Persistent link: https://www.econbiz.de/10012223840
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available...
Persistent link: https://www.econbiz.de/10011555352
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...
Persistent link: https://www.econbiz.de/10011555353
We propose a novel framework to analyse the macroeconomic impact of noncommunicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone gross...
Persistent link: https://www.econbiz.de/10011653802
We analyze the economic consequences for less developed countries of investing in female health. In so doing we introduce a novel micro-founded dynamic general equilibrium framework in which parents trade off the number of children against investments in their education and in which we allow for...
Persistent link: https://www.econbiz.de/10011306660
We analyze the economic consequences for less developed countries of investing in female health. In so doing we introduce a novel micro-founded dynamic general equilibrium framework in which parents trade off the number of children against investments in their education and in which we allow for...
Persistent link: https://www.econbiz.de/10011307469