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Distribution and Growth in an Economy with Limited Needs

Saint-Paul, Gilles - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … their bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …

Persistent link: https://www.econbiz.de/10010315207

The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects

Bye, Brita; Fæhn, Taran - 2021

Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...

Persistent link: https://www.econbiz.de/10013249658

Fueling growth when oil peaks: Directed technological change and the limits to efficiency

André, Francisco J.; Smulders, Sjak - 2012

While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...

Persistent link: https://www.econbiz.de/10010289359

Rent Seeking, Capital Accumulation, and Macroeconomic Growth

Heijdra, Ben J.; Heijnen, Pim - 2023

We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...

Persistent link: https://www.econbiz.de/10014469320

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

The optimal climate policy portfolio when knowledge spills across sectors

Massetti, Emanuele; Nicita, Lea - 2010

This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy...

Persistent link: https://www.econbiz.de/10010270521

Fairness, trade, and inequality

Egger, Hartmut; Kreickemeier, Udo - 2008

firms with higher profits pay higher wages in equilibrium in order to elicit their workers' full effort. We show that in …

Persistent link: https://www.econbiz.de/10010264394

Earnings Dynamics in Germany

Pessoa, Ana Sofia - 2021

normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …

Persistent link: https://www.econbiz.de/10013224084

Technology Gaps, Trade and Income

Sampson, Thomas - 2019

theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries … with higher R&D efficiency are richer and have comparative advantage in more innovation-dependent industries where the … innovation-dependence by industry from R&D and bilateral trade data. Calibrating the model implies technology gaps, due to cross …

Persistent link: https://www.econbiz.de/10012866618

Structural Change in Production Networks and Economic Growth

Gaggl, Paul; Gorry, Aspen; vom Lehn, Christian - 2023

This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...

Persistent link: https://www.econbiz.de/10014377435