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our series and a number of previously available data sets and examine their performance in several growth specifications … growth regressions. Using an extension of the classical errors in variables model, we construct a set of meta-estimates of …
Persistent link: https://www.econbiz.de/10005498069
much better than the Barro and Lee (1996) or Nehru et al (1995) series in a number of growth specifications. We interpret … the (lack of) relationship between educational investment and growth. Using our preferred empirical specification, we also …
Persistent link: https://www.econbiz.de/10005666682
innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … schooling level and subsequent growth in rich countries. In particular, we show that in OECD economies it is crucial to isolate …
Persistent link: https://www.econbiz.de/10005792394
accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children … that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in …
Persistent link: https://www.econbiz.de/10005666793
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/10005788941
develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from …
Persistent link: https://www.econbiz.de/10005667004
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and … process of technological catch-up. The results indicate that the impact of R&D investment on growth has been significant … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …
Persistent link: https://www.econbiz.de/10005791633
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
. Growth is sustained by the development of new varieties of intermediate goods. Innovation is risky and the probability of … faster growth. Under plausible assumptions, the resulting changes in factor prices lower the relative cost of monitoring …
Persistent link: https://www.econbiz.de/10005114230
This Paper studies a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom; where within a given occupation it may harm some workers while...
Persistent link: https://www.econbiz.de/10005791349