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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … called endogenous, and those grounded in reasons more exogenous to economic growth. The behavior of economic growth following … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …
Persistent link: https://www.econbiz.de/10011521223
The policy of sustainable development requires reductions in growth of human populations to promote environmental … sustainability and economic development. The objective is to control environmental catastrophism and advance financial growth with …
Persistent link: https://www.econbiz.de/10013030118
local scope to expand WFH and explains both observed WFH growth during the pandemic as well as prospective employer plans …
Persistent link: https://www.econbiz.de/10013411572
Exploiting 150 million points of purchase by US households, we examine how negative ESG shocks ripple through product market and shape consumption. We show that the sales of affected products drop by an average of 5 - 10%, comparing with that of unaffected products consumed by the same...
Persistent link: https://www.econbiz.de/10014350031
. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the … economic growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that … timeliness, writtenas opposed to oralprocedures, and the right to counsel have a positive effect on growth, whereas the number of …
Persistent link: https://www.econbiz.de/10010264530
aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter …
Persistent link: https://www.econbiz.de/10010269176
and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …
Persistent link: https://www.econbiz.de/10010274757
This paper analyzes the long-run relationship between output collapses-defined defined as GDP falling substantially below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...
Persistent link: https://www.econbiz.de/10010278252