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Anti-Competitive Conduct, In-House R&D, and Growth

Grossmann, Volker; Steger, Thomas M. - 2021

Incumbent firms have two basic possibilities to improve their competitive position in the product market: investment in R&D and the creation of entry barriers to the disadvantage of potential rivals, e.g. through lobbying activities, campaign contributions, bribes or the adoption of incompatible...

Persistent link: https://www.econbiz.de/10013317107

Fueling Growth When Oil Peaks : Directed Technological Change and the Limits to Efficiency

André, Francisco J.; Smulders, Sjak - 2021

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/10013315849

The Cost of Environmental Policy Under Induced Technical Change

Smulders, Sjak - 2013

Conventional wisdom argues that environmental policy is less costly if environmental policy induces the development of cleaner technologies. In contrast to this argument, we show that the cost of environmental policy (a reduction in emissions) may be larger with induced technical change than...

Persistent link: https://www.econbiz.de/10013090604

Social Security Systems, Human Capital, and Growth in a Small Open Economy

Kaganovič, Michail I. - 2008

externalities of public education due to the positive effect of higher future labor productivity on their pension benefits. The …

Persistent link: https://www.econbiz.de/10012768260

Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer

Irmen, Andreas - 2017

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10012965706

Migration, Congestion and Growth

Azarnert, Leonid V. - 2017

This article analyzes the effect of migration from a less advanced economy to a more advanced economy on economic growth. The analysis is performed in a two-country growth model with endogenous fertility, in which congestion diseconomies are incorporated. The model shows that out-migration...

Persistent link: https://www.econbiz.de/10012953488

Growth Effects of Spatial Redistribution Policies

Arcalean, Calin - 2012

Regional income disparities have increased in many European countries recently, even as national and supra-national policy instruments were created to correct them. To explain these evolutions, we develop a two-region, two-sector model with migration and public investment in infrastructure and...

Persistent link: https://www.econbiz.de/10013110806

Economic Growth and Longevity Risk with Adverse Selection

Heijdra, Ben J. - 2010

We study a closed economy featuring heterogeneous agents and exhibiting endogenous economic growth due to interfirm external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to each agent. Health type is private information and...

Persistent link: https://www.econbiz.de/10013148997

Unemployment, Growth and Speed of Transition in China

Fidrmuc, Jan - 2013

We investigate the relationship between unemployment and growth in China. We find considerable differences in the nature of this relationship across Chinese regions. We argue that this may reflect the different progress in transition across regions, in line with the Aghion-Blanchard model of...

Persistent link: https://www.econbiz.de/10013075132

Cumulative Innovation, Growth and Welfare-Improving Patent Policy

Chor, Davin - 2013

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly improve upon frontier technologies, and productivity improvements are drawn in a stochastic manner. The presence of positive knowledge spillovers implies that the decentralized...

Persistent link: https://www.econbiz.de/10013075135