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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context...
Persistent link: https://www.econbiz.de/10011802103
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10014051236
We modify the standard trade model introducing the possibility of biased technological changes. This model help to explain the falling labor shares as well as the mixed changes in skill premium in developing countries after trade liberalization takes place
Persistent link: https://www.econbiz.de/10013099574
sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
We use the Aguion and Howitt (2009) theoretical model of endogenous economic growth to explain the declining economic growth in developed economies in the period 1981-2009. Aguion and Howitt theoretical framework combines Solownian and Schumpeterian elements in a single scenario, so that...
Persistent link: https://www.econbiz.de/10012984814
The global crisis and the expansionary government reaction in many countries has revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This...
Persistent link: https://www.econbiz.de/10013127470
the skill-specific technological frontier subsequently show higher skill-specific productivity growth. For that, the …
Persistent link: https://www.econbiz.de/10011418759
current low productivity and GDP growth in advanced countries. Our projection tool allows for the modelling of technology …
Persistent link: https://www.econbiz.de/10012964845
This paper argues that institutional quality has both direct and indirect (moderating) effects on productivity of … developed and transition economies. The results confirm that good institutions have positive and similar effects on productivity … across the board. Moreover, they moderate the relationship between foreign technological spillovers and productivity …
Persistent link: https://www.econbiz.de/10012973469