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Public Investment and Welfare: Theory and Empirical Implications

Jappelli, Tullio; Ripa di Meana, Andrea - C.E.P.R. Discussion Papers - 1994

This paper analyses the determinants of public expenditures allocated to investment. We perform welfare analysis in an overlapping generations model with public consumption, public investment, debt and taxes. The optimal public investment share depends positively on the productive contribution...

Persistent link: https://www.econbiz.de/10005666978

Economic Growth and the Swedish Model

Henrekson, Magnus; Jonung, Lars; Stymne, Joakim - C.E.P.R. Discussion Papers - 1994

We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative decline of economic growth in Sweden since the early 1970's. The hypothesis that the relative decline is a consequence of productivity catch-up is rejected. A number of potential...

Persistent link: https://www.econbiz.de/10005791604

Tests of the 'Convergence Hypothesis': Some Further Results

Cohen, Daniel - C.E.P.R. Discussion Papers - 1995

This paper offers new tests of the `convergence hypothesis'. It first analyses the pattern of growth of measured inputs … is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper … school enrolments (or the UN-conditional convergence of the stock of measured inputs would not hold), but because the law of …

Persistent link: https://www.econbiz.de/10005662305

Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries

Griffith, Rachel; Redding, Stephen J.; Van Reenen, John - C.E.P.R. Discussion Papers - 2000

capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD …

Persistent link: https://www.econbiz.de/10005666847

Life Expectancy and Schooling: New Insights from Cross-Country Data

Hazan, Moshe - C.E.P.R. Discussion Papers - 2011

I argue that distinguishing between life expectancy at birth and life expectancy beyond the crucial early childhood years affects the relationship between life expectancy and schooling in a meaningful way. In particular, I show that while the change in life expectancy at birth between 1960 and...

Persistent link: https://www.econbiz.de/10009246607

2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory

Galor, Oded - C.E.P.R. Discussion Papers - 2009

convergence clubs, and it underlines the persistent effects that variations in pre-historical biogeographical conditions have …

Persistent link: https://www.econbiz.de/10008577814

Conspicuous Consumption, Human Capital and Poverty

Moav, Omer; Neeman, Zvika - C.E.P.R. Discussion Papers - 2008

Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of...

Persistent link: https://www.econbiz.de/10005504622

Natural Selection and the Origin of Economic Growth

Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2001

This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population, technology and income per capita in the long...

Persistent link: https://www.econbiz.de/10005666934

From Physical to Human Capital Accumulation: Inequality in the Process of Development

Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 1999

This paper presents a unified theory that provides an intertemporal reconciliation between conflicting viewpoints about the effect of inequality on economic growth. It argues that the replacement of physical capital accumulation by human capital accumulation as a prime engine of economic growth...

Persistent link: https://www.econbiz.de/10005666981

Habit Formation and Fiscal Transmission in Open Economies

Cardi, Olivier; Müller, Gernot - C.E.P.R. Discussion Papers - 2010

In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy transmission. In a first step, we identify government spending shocks within a vector autoregression model. We find that i) government spending...

Persistent link: https://www.econbiz.de/10008684676