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regional income data are available. We subsequently use our estimation results for an out-ofsample prediction of regional …
Persistent link: https://www.econbiz.de/10011272626
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10005405717
productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10005405803
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Cross-country studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10005405822
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …
Persistent link: https://www.econbiz.de/10005405824
A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is … growth rate of the economy decreases. The growth cycle can be socially optimal. An elasticity rule is given for when the …
Persistent link: https://www.econbiz.de/10005405864
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10005405935
only when the policy instrument is successful in smoothing the growth rate of human capital. …
Persistent link: https://www.econbiz.de/10005405961
growth-environment-policy link. The context is a dynamic general equilibrium model of endogenous growth, in which private … observed persistent differences in growth among LDCs with similar fundamentals and endowments. …
Persistent link: https://www.econbiz.de/10005406053
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10005406134