Showing 1 - 10 of 3,605
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/10012472386
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/10012475495
- 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/10012475612
service sector. By contrast, industrial employment is mostly stagnant. Is the service sector an engine of growth and hence … growth service led? Or is its expansion a mere corollary of growth, where rising incomes stemming from productivity growth in … goods-producing industries increases the demand for services? To determine whether growth is service led or service biased …
Persistent link: https://www.econbiz.de/10012496104
This essay provides a review of two important recent books on economic growth: How the World Became Rich by Mark Koyama … across countries as well the potential for ideas from complexity theory to augment standard growth modelling …
Persistent link: https://www.econbiz.de/10015056200
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/10012471679
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/10012473027
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/10012457122
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/10012471409
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/10012475868