Showing 1 - 10 of 81
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …
Persistent link: https://www.econbiz.de/10011126620
This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and … converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10010884745
lower economic growth; and that the former also implies a reduction in per capita GDP, while the latter distorts the …
Persistent link: https://www.econbiz.de/10011071265
This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …
Persistent link: https://www.econbiz.de/10010928630
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...
Persistent link: https://www.econbiz.de/10010928591
discontinuity of per-capita GDP growth partitions Austria's regions into two groups. Clear evidence of discontinuity (a “take … Austria, Bohemia, Silesia, Galicia, Bukovina, and Dalmatia there is instead no evidence of structural break in their growth …) but have moderate effects on the growth of subsequent years. Regional (per-capita) inequality is also evaluated using …
Persistent link: https://www.econbiz.de/10011125886
, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and …
Persistent link: https://www.econbiz.de/10010884693
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
evidence on media markets, knowledge transmission, and city growth across Europe 1450-1600. The paper construct- s …-level supply induced by heterogeneous manager deaths is used to identify the impact of print media on city-level population growth …. Local access to printed merchants' manuals used in business education was particularly associated with growth. New micro …
Persistent link: https://www.econbiz.de/10010745227
In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land … appreciable impact on growth and poverty. The evidence presented suggests that land reforms do appear to be associated with …
Persistent link: https://www.econbiz.de/10010746031