Showing 1 - 10 of 3,335
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities … growth model …
Persistent link: https://www.econbiz.de/10013218903
This paper examines whether the Solow growth model is consistent with the international variation in the standard of … growth confirm the model's predictions. The paper also examines the implications of the Solow model for convergence in …, holding population growth and capital accumulation constant, countries converge at about the rate the augmented Solow model …
Persistent link: https://www.econbiz.de/10013138393
- and open-economy neoclassical growth theories, we examine data since 1840 from the U.S. states. We find clear evidence of … neoclassical growth model with broadly-defined capital and a limited role for diminishing returns, and endogenous growth models …
Persistent link: https://www.econbiz.de/10013229359
diversity in levels and rates of growth of per capita income across countries and across time. We study conditions under which …
Persistent link: https://www.econbiz.de/10014193017
Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little … empirical growth model, the Augmented Solow Model, which includes physical and human capital accumulation, proves unsatisfactory …-economy growth models in this historical setting …
Persistent link: https://www.econbiz.de/10013228017
Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade …, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an … for the determination of wage levels and growth rates.The conclusions that we draw from this research are rather mixed …
Persistent link: https://www.econbiz.de/10013228058
human capital produces individual economic (income) growth, so do the corresponding social or national aggregates. At the … contribution to growth is greater the larger the volume of physical capital and vice versa. The framework of an aggregate … production function shows also that the growth of human capital is both a condition and a consequence of economic growth. Human …
Persistent link: https://www.econbiz.de/10013240569
growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles … may be important for understanding subsequent growth. This emphasis on the level of an input contrasts with the usual … emphasis from growth accounting on rates of change of inputs. The principal empirical finding is that literacy has no …
Persistent link: https://www.econbiz.de/10013243945
This paper studies a growth model that is able to match several key facts of economic history. For thousands of years … population growth possible. The second is an improvement in institutions that promote innovation, such as property rights: the … simulated economy indicates that the single most important factor in the transition to modern growth has been the increase in …
Persistent link: https://www.econbiz.de/10013245308
What are the prospects for long-run economic growth? The present study looks at a recently launched hypothesis, which I … label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or … Singularity after which economic growth will accelerate sharply as an ever-accelerating pace of improvements cascade through the …
Persistent link: https://www.econbiz.de/10013015557