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Catching up and lagging behind in a balance-of-payments-constrained dual economy

Lavopa A. - United Nations University-Maastricht Economic Research … - 2014

The success of nations in the path towards economic development hinges heavily on the emergence and dynamism of a modern sector capable of simultaneously absorbing an increasing share of the labour force while reducing the technological gap with the worlds frontier. Failure to do so would...

Persistent link: https://www.econbiz.de/10010798445

Optimal public investment, growth, and consumption: Fresh evidence from African countries

Kwasi Fosu A.; Getachew Y.Y.; Ziesemer T.H.W. - United Nations University-Maastricht Economic Research … - 2014

investment is estimated at about 10 percent of GDP based on System GMM estimation. The paper further runs simulations, obtaining … percent of GDP. Compared with the observed end-of-panel mean value of no more than 726 percent, these estimates suggest that …

Persistent link: https://www.econbiz.de/10011004599

Education and growth with learning by doing

Marconi G.; de, Grip A. - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2014

-productivity relationship. One important implication of the model is that the enrolment rate to education has a negative effect on the GDP in … enrolment rate, the quality of education, as measured by workers ability to learn, has a positive effect on the GDP both in the …

Persistent link: https://www.econbiz.de/10011004603

Education and growth with learning by doing

Marconi G.; de, Grip A. - Graduate School of Business and Economics (GSBE), … - 2014

-productivity relationship. One important implication of the model is that the enrolment rate to education has a negative effect on the GDP in …

Persistent link: https://www.econbiz.de/10011004606