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What is Driving Us and Canadian Wages : Exogenous Technical Change or Endogenous Choice of Technique?

Beaudry, Paul; Green, David A. - 2021

This paper proposes a new and unified explanation for the following trends observed over the last 25 years: (1) the increased returns to education, (2) the slow measured growth in TFP in an economy undergoing massive changes in its methods of production, and (3) the poor wage performance,...

Persistent link: https://www.econbiz.de/10013237553

Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences

Aizenman, Joshua - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...

Persistent link: https://www.econbiz.de/10012777949

Growth, Trade, and Inequality

Grossman, Gene M. - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

Persistent link: https://www.econbiz.de/10013047018

Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?

Haskel, Jonathan; Slaughter, Matthew J. - 2022

This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...

Persistent link: https://www.econbiz.de/10013311868

Agricultural Productivity, Comparative Advantage and Economic Growth

Matsuyama, Kiminori - 2021

The role of agricultural productivity in economic development is addressed in a two-sector model of endogenous growth in which a) preferences are non-homothetic and the income elasticity of demand for the agricultural good is less than unitary, and b) the engine of growth is learning-by-doing in...

Persistent link: https://www.econbiz.de/10013228987

Was Stalin Necessary for Russia's Economic Development?

Cheremukhin, Anton - 2013

This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...

Persistent link: https://www.econbiz.de/10013076184

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Persistent link: https://www.econbiz.de/10013055191

Technological Innovation and Labor Income Risk

Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - 2022

Using administrative data from the United States, we document novel stylized facts regarding technological innovation … and the riskiness of labor income. Higher rates of industry innovation are associated with significant increases in labor … earnings for top workers. Decomposing this result, we find that own firm innovation is associated with a modest increase in the …

Persistent link: https://www.econbiz.de/10013298228

Distributive Politics and Economic Growth

Alesina, Alberto; Rodrik, Dani - 2010

This paper studies the relationship between political conflict and economic growth in a simple model of endogenous growth with distributive conflicts. We study both the case of two "classes" (workers and capitalists) and the case of a continuum distribution of agents, characterized by different...

Persistent link: https://www.econbiz.de/10014156810

Experience, Vintage and Time Effects in the Growth of Earnings : Americanscientists, 1960-1970

Weiss, Yoram; Lillard, Lee A. - 2021

This paper is concerned with the growth of individual earnings over time. Four aspects of time are distinguished: experience, age, vintage and calendar year. The first section of the paper provides a brief outline of a theory of planned growth in earnings. The second and main section of the...

Persistent link: https://www.econbiz.de/10013227222