Similar Search Results

Innovation, Growth and Convergence in the Euro-Mediterranean Area: Implications for MENA Countries

Péridy, Nicolas - In: Economics Bulletin 30 (2010) 4, pp. 2978-2986

implications in terms of growth and convergence. Using a large set of innovation variables, we estimate a growth model à la Barro … the estimation of a convergence model, which shows that differences in innovation between MENA countries explain … differences in the convergence process of these countries toward EU GDP per capita. These results have important policy …

Persistent link: https://www.econbiz.de/10008692046

Wage Inequality, R&D Labor and R&D Productivity

Okada, Toshihiro - In: Economics Bulletin 32 (2012) 4, pp. 3036-3052

This paper examines the transitional dynamics of an R&D-based endogenous growth model with heterogeneous labor and explains the post-war comovement of three variables in the U.S. economy: the skill premium, the share of labor devoted to R&D and the growth rate of labor productivity. This paper...

Persistent link: https://www.econbiz.de/10011278751

Does democracy foster or hinder growth? Extreme-type political regimes in a large panel

Jalles, Joao Tovar - In: Economics Bulletin 30 (2010) 2, pp. 1359-1372

estimation procedures our results support the long-run conditional convergence hypothesis and shows a positive and statistically …

Persistent link: https://www.econbiz.de/10008577391

Why capital (physical and human) doesn't flow from rich to poor countries ?

Darreau, Philippe; Pigalle, François - In: Economics Bulletin 32 (2012) 2, pp. 1353-1360

Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.

Persistent link: https://www.econbiz.de/10011278867

On the Welfare Properties of the Lucas and Romer Endogenous Growth Models

Sequeira, Tiago Neves; Ferreira-Lopes, Alexandra - In: Economics Bulletin 30 (2010) 3, pp. 2143-2150

We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a...

Persistent link: https://www.econbiz.de/10008490316

Communication costs, network externalities, and long-run growth

Davis, Colin - In: Economics Bulletin 15 (2007) 5, pp. 1-9

This note examines the effect of per-period communication costs in a model of expanding product variety. It is shown that while a decrease in communication costs leads to growth in aggregate output, this growth is only transitional with the growth rate falling to zero in the long run as the...

Persistent link: https://www.econbiz.de/10005416799

Barriers to technology adoption, international R and D spillovers and growth

Foster, Neil; Scharler, Johann; Crespo-Cuaresma, Jesus - In: Economics Bulletin 15 (2008) 3, pp. 1-7

Panel data is used to investigate the extent of R and D spillovers between OECD countries, and the importance of barriers to technology adoption in affecting the benefits of such spillovers. Our results indicate that countries with less regulated goods and labour markets benefit more from...

Persistent link: https://www.econbiz.de/10005416871

Welfare Analysis in a Schumpeterian Growth Model with Capital

Kaul, Ashok; Reinthaler, Volker; Hagedorn, Marcus - In: Economics Bulletin 15 (2007) 7, pp. 1-6

In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Persistent link: https://www.econbiz.de/10010835818

Welfare Analysis in a Schumpeterian Growth Model with Capital

Kaul, Ashok; Reinthaler, Volker; Hagedorn, Marcus - In: Economics Bulletin 15 (2007) 7, pp. 1-6

Persistent link: https://www.econbiz.de/10005094754

Can population promote income per-capita growth? A balanced perspective

Tournemaine, Frederic - In: Economics Bulletin 15 (2007) 8, pp. 1-7

We develop a model in which technical progress, human capital and population interact endogenously to examine the impact of population growth on economic development. We find that population growth can be positively or negatively correlated with the growth rate of income per-capita. The outcome...

Persistent link: https://www.econbiz.de/10005196423