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Capital-Labor Substitution, Structural Change and the Labor Income Share

Alvarez-Cuadrado, Francisco - 2014

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across sectors and differences in factor proportions and capital...

Persistent link: https://www.econbiz.de/10013059021

Capital-Labor Substitution, Structural Change and Growth

Alvarez-Cuadrado, Francisco - 2016

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...

Persistent link: https://www.econbiz.de/10012988235

Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection

Mosel, Malte - CESifo - 2010

Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...

Persistent link: https://www.econbiz.de/10008572561

Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection

Mosel, Malte - 2021

Persistent link: https://www.econbiz.de/10013316194

Knowing the Damages is Not Enough : The General Equilibrium Impacts of Climate Change

Kalkuhl, Matthias - 2016

We show that economies may exhibit a strong endogenous macroeconomic adaptation response to climate change. If climate change induces a structural change to the more productive sector, economies can benefit from climate change though productivities in both sectors are reduced. If climate change...

Persistent link: https://www.econbiz.de/10012992447

Something Out of Nothing? Neoclassical Growth and the 'Trivial' Steady State

Hakenes, Hendrik - 2006

A common perception about the neoclassical growth model is that an economy devoid of capital cannot evolve to strictly positive levels of output if capital is essential. We challenge this view by positing a broad class of production functions, encompassing the neoclassical production function,...

Persistent link: https://www.econbiz.de/10012780464

The Quantitative Importance of Openness in Development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond - CESifo - 2013

stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … an open economy increases the rate of capital formation and speeds up the pace of industrialization relative to a closed …

Persistent link: https://www.econbiz.de/10010877851