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The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...
Persistent link: https://www.econbiz.de/10014073256
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear … hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My … implemented in Germany in 2003-2005, is beneficial in the long-run as it raises growth of technology, labor productivity and real …
Persistent link: https://www.econbiz.de/10012870989
The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10014061434
This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity … generates productivity growth, and with imperfect knowledge diffusion the country with the larger labor force has a greater … share of firms with higher productivity levels. In this framework, population aging reduces a country’s labor supply, share …
Persistent link: https://www.econbiz.de/10013241753
This paper constructs a two-country model to investigate how tariff policy influences productivity growth through … productivity of investment in innovation. We show that the relationship between tariff policy and economic growth depends on the …
Persistent link: https://www.econbiz.de/10015066879
This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity … generates productivity growth, and with imperfect knowledge diffusion the country with the larger labor force has a greater … share of firms with higher productivity levels. In this framework, population aging reduces a country’s labor supply, share …
Persistent link: https://www.econbiz.de/10012404477
-country model of international trade and endogenous productivity growth. Knowledge spillovers link firm-level productivity in …
Persistent link: https://www.econbiz.de/10012793522
convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. … determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of …
Persistent link: https://www.econbiz.de/10011399314
The central thesis of the essay is that a successful process of national capitalist development in a world market characterized by the existence of multiple national currencies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the...
Persistent link: https://www.econbiz.de/10013103293
The main argument of the essay is that a succesfull process of national capitalist development in a world market characterized by the existence of multiple national monies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the Third...
Persistent link: https://www.econbiz.de/10013147747