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Knowledge Codification and Endogenous Growth

Schneider, Maik T. - CER-ETH Center of Economic Research, Department of … - 2007

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …

Persistent link: https://www.econbiz.de/10005800880

Tracing Empirical Trails of Schumpeterian Development

Peneder, Michael - Volkswirtschaft Abteilung, Fachbereich … - 2004

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...

Persistent link: https://www.econbiz.de/10005765362

Re-measuring labor's share

Young, Andrew T.; Zuleta, Hernando - UNIVERSIDAD DEL ROSARIO - 2008

fundamentalconcept of labor's share in macroeconomic theory is not the amount of aggregate incomepaid out to labor. Rather, it is the …

Persistent link: https://www.econbiz.de/10005466561

Capital natural, capital humano y participación de los factores. Una revisión de los métodos de medición del crecimiento económico

Zuleta, Hernando; Parada, Julián David; Campo, Jacobo; … - UNIVERSIDAD DEL ROSARIO - 2009

Este trabajo aporta dos elementos básicos para el análisis del crecimiento económico en Colombia: En primerlugar, para el cálculo de la participación de los factores en el producto, se separa el ingreso de capital físico del ingreso de capital natural y el ingreso del trabajo básico del...

Persistent link: https://www.econbiz.de/10005466565

If factor shares are not constant then we have a measurment problem. can we solve it?

Zuleta, Hernando - UNIVERSIDAD DEL ROSARIO - 2009

Recent evidence show that factor shares, if properly measured, are far from constant.Moreover, the shares of natural resources and raw labor seem to be negativelycorrelated with income per capita while the share of human and physical capital ispositively correlated with income per capita. Now,...

Persistent link: https://www.econbiz.de/10004976726

Development Strategy, Optimal Industrial Structure and Economic Growth in Less Developed Countries

Lin, Justin Yifu; Zhang, Pengfei - East Asian Bureau of Economic Research (EABER) - 2007

In this paper, we develop an endogenous growth model that combines structural change with repeated product improvements. There are two sectors in the present paper, one is traditional sector, and the other is modern sector. The technological progress in the traditional sector takes the form of...

Persistent link: https://www.econbiz.de/10009365198

Participación factorial y contabilidad del crecimiento económico en Colombia .Una propuesta de modificación del método de contabilidad del crecimiento

Zuleta, Hernando; Parada, Julián; García, Andrés; … - In: REVISTA DESARROLLO Y SOCIEDAD (2010)

Este trabajo aporta tres elementos básicos para el análisis del crecimiento económico en Colombia. En primer lugar, para el cálculo de la participación de los factores en el producto, se separa el ingreso de capital físico del ingreso de capital natural, y el ingreso del trabajo básico...

Persistent link: https://www.econbiz.de/10009322937

Labor’s Shares in a Model of Induced Innovation

Zuleta, Hernando; Young, Andrew T. - Department of Economics, College of Business and Economics - 2010

The relative stability of aggregate labor's share constitutes one of the great macroeconomic ratios. However, relative stability at the aggregate level masks the unbalanced nature of sectoral labor's shares. We present a two-sector (manufacturing and services) model with induced innovation that...

Persistent link: https://www.econbiz.de/10008480572

Factor shares at the sector level, Colombia 1990-2005

Zuleta, Hernando; Suaza, Andrés Felipe García; Young, … - UNIVERSIDAD DEL ROSARIO - 2009

In general, empirical studies on economics rely on the assumption of constant capitalshare of income both at the aggregate level and at the sector level. However, there is noempirical evidence supporting the constancy of capital share at the sector level. In thispaper, using Colombian data, we...

Persistent link: https://www.econbiz.de/10008509414

Variable factor shares, measurement and growth accounting

Zuleta, Hernando - In: Economics Letters 114 (2012) 1, pp. 91-93

Recent evidence shows that factor shares are not constant. Consequently, growth accounting exercises rely on a false assumption and a measurement problem arises. We propose an empirical methodology to solve the measurement issue and estimate TFP growth.

Persistent link: https://www.econbiz.de/10010597213