Showing 1 - 10 of 277
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531112
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 … these trends. The interplay of differences in productivity growth and in the substitution elasticity across sectors drive …
Persistent link: https://www.econbiz.de/10010235832
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …
Persistent link: https://www.econbiz.de/10011482690
network in amplifying sectoral dynamics on aggregate trend gross domestic product growth. This allows us to study the impact … of sectoral labor input and total factor productivity trend growth variation on the persistent decline in long-run output … growth. Our estimation reveals that sector-specific developments have historically accounted for half of this long …
Persistent link: https://www.econbiz.de/10014528208
fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to … endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment …
Persistent link: https://www.econbiz.de/10014285534
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10011451098
A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is … growth rate of the economy decreases. The growth cycle can be socially optimal. An elasticity rule is given for when the …
Persistent link: https://www.econbiz.de/10011514161
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010533072
We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise … supplies one unit of labour inelastically and desires a wage; and that the labour share impacts growth negatively in our "AK … conflict is resolved by the two positive and three normative criteria we consider. Thus, the macroeconomy (growth, factor …
Persistent link: https://www.econbiz.de/10011996775
, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …
Persistent link: https://www.econbiz.de/10011810111