Search Results - subject:"technical change."

Endogenous Growth Policies for Lagging Cities and Regions : The Search for Antientropic Actions

Broitman, Dani; Czamanski, Daniel - 2022

Economic disparities among cities and regions persist and in some cases are increasing. To promote development of lagging economies, extant policies focus on the lagging regions and attempt to create conditions that are attractive to the immigration of capital, labor and above all knowledge. We...

Persistent link: https://www.econbiz.de/10014081572

Global Warming and Economic Growth : Theory and Empirical Research on Multinational Panel Data

Li, Mengjie; Du, Weijian; Liang, Sunfan; Fan, Yuhuan - 2022

Global temperature has gradually been warming, which has had different impacts on economic activities in various countries. How to mitigate the negative impact of global climate change on economic development has become an important issue of concern for both governments and academia. In this...

Persistent link: https://www.econbiz.de/10014081952

Blocking Patents, Rent Protection, and Economic Growth

Klein, Michael A.; Yang, Yibai - 2022

We develop a Schumpeterian growth model to analyze the interaction between patent policy and firms’ internal strategies to capture value from innovations. We consider two dimensions of patent policy: backward protection against imitation and forward protection, also known as blocking patents,...

Persistent link: https://www.econbiz.de/10014082323

A DSGE Model with Endogenous Economic Growth and Fiscal Expenditure

Mu, Junlin; Yan, Lipeng - 2022

To build a DSGE model, we introduce a mechanism that endogenously determines economic growth based on human capital accumulation theory. We also introduce a mechanism that endogenously determines fiscal expenditure by adding the price for public goods provided by the government. Additionally,...

Persistent link: https://www.econbiz.de/10014082637

The Role of Endogenous Technology in Making Sustained Economic Growth in Sub‒Saharan Africa : A Panel Approach

Worku, Urgaia Rissa - 2022

This study examines the role of endogenous technology in making sustained economic growth in a panel of 36 Sub-Saharan Africa (SSA) countries over the period 1990–2020. Based on the data originally obtained from the United Nations aggregate database, World Bank development indicators and...

Persistent link: https://www.econbiz.de/10014083073

Optimal parental leave subsidization with endogenous fertility and growth

Siew Ling Yew; Li, Shuyun May; Moslehi, Solmaz - 2022

Persistent link: https://www.econbiz.de/10012878868

A generalized Uzawa growth theorem and capital-augmenting technological change

Casey, Gregory; Horii, Ryo - 2022

-labor elasticity of substitution and the existence of capital-augmenting technical change. We also build and calibrate a three …-factor endogenous growth model with directed technical change and show that it converges to a balanced growth path that is consistent … with the empirical evidence. Our results indicate that natural resources including land and directed technical change play …

Persistent link: https://www.econbiz.de/10012880053

Labour market skills, endogenous productivity and business cycles

Abbritti, Mirko; Consolo, Agostino - 2022

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that are relevant for monetary policy. The model matches remarkably well the short and long run dynamics of skilled and unskilled workers. Skill mismatch and skill-specific labour...

Persistent link: https://www.econbiz.de/10012880717

Sustained Economic Growth and Physical Capital Taxation in a Creative Region

Batabyal, Amitrajeet A.; Beladi, Hamid - 2022

We study the properties of economic growth in a region that is driven by the activities of the so-called creative class. On the consumption side of our regional economy, we focus on an infinitely lived creative class household and on the production side of this same economy, we concentrate on a...

Persistent link: https://www.econbiz.de/10014030311

How Competition in the Banking Industry Affects Economic Growth, Endogenous Volatility, and Welfare

Rauber, Tom; Ritschel, Paul - 2022

This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer welfare using a dynamical systems approach. Risk averse agents insure against idiosyncratic risk via deposit contracts that maximize bank profits. These contracts are derived...

Persistent link: https://www.econbiz.de/10013491622