Showing 1 - 4 of 4
Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define … human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to … account for little variation in rates of economic growth. Finally, we find that the effects of average schooling on national …
Persistent link: https://www.econbiz.de/10012470129
We test the view the large differences in income levels we see across the world are due to differences in underlying characteristics, i.e. fundamental forces, against the alternative that there are poverty traps. Taking geographical variables as fundamental characteristics, we find that we can...
Persistent link: https://www.econbiz.de/10012470001
Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...
Persistent link: https://www.econbiz.de/10012470002
For decades, economists and social thinkers have debated the influence of population change on economic growth. Three … alternative positions define this debate: that population growth restricts, promotes, or is independent of economic growth … size and growth. In recent years, however, the debate has under-emphasized a critical issue, the age structure of the …
Persistent link: https://www.econbiz.de/10012470030