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The middle class in macroeconomics and growth theory : a three class neo-Kaleckian-Goodwin model
Palley, Thomas I. - 2013
-Management). Das Modell ergänzt die herkömmlichen Überlegungen zur funktionalen Einkommensverteilung um die personale … Einkommensverteilung. Im Rahmen eines solchen Modells kann gezeigt werden, dass Veränderungen in der personalen Einkommensverteilung dazu … Kapitalisten hat. Veränderungen zugunsten der Mittelklasse führen nicht notwendigerweise zu höherem Wirtschaftswachstum und …
Persistent link: https://www.econbiz.de/10010240799
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Economic growth, income distribution, and climate change
Rezai, Armon; Taylor, Lance; Foley, Duncan K. - 2017
We present a model based on Keynesian aggregate demand and labor productivity growth to study how climate damage affects the long-run evolution of the economy. Climate change induced by greenhouse gas lowers profitability, reducing investment and cutting output in the short and long runs....
Persistent link: https://www.econbiz.de/10011926450
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Economic growth, income distribution and climate change
Rezai, Armon; Taylor, Lance; Foley, Duncan K. - 2017
Persistent link: https://www.econbiz.de/10011888829
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A survey on modeling economic growth : with special interest on natural resource use
Voosholz, Frauke - 2014
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
Persistent link: https://www.econbiz.de/10010350794
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Are intangibles more productive in ICT-intensive industries? : evidence from EU countries
Chen, Wen; Niebel, Thomas; Saam, Marianne - 2014
Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity....
Persistent link: https://www.econbiz.de/10010416341
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The African lions : Kenya country case study
Kimenyi, Mwangi S.; Mwega, Francis M.; Ndung'u, Njuguna S. - 2015
This paper mainly analyses the drivers of economic growth in Kenya and the linkages to the labour market dynamics, with a focus on population growth, its structure, and the prospects of reaping a demographic dividend. This is in recognition that Kenya, as the ninth largest economy in Africa and...
Persistent link: https://www.econbiz.de/10011411141
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Structural transformation and sources of growth in Turkey
Kaya, Ahmet Ihsan; Çiçekçi, Cumhur - 2023
This paper provides a comprehensive analysis of the supply and demand side of structural transformation in Turkey. Using the GGDC/UNU-WIDER Economic Transformation Database, we find that labour productivity improvements explain more than half of economic growth in the period 1980-2021. This is...
Persistent link: https://www.econbiz.de/10014290696
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Decreasing fertility, economic growth and the intergenerational wage gap
Prettner, Klaus; Fürnkranz-Prskawetz, Alexia - 2009
Persistent low fertility rates lead to lower population growth rates and eventually also to decreasing population sizes in most industrialized countries. There are fears that this demographic development is associated with declines in per capita GDP and possibly also increasing inequality of the...
Persistent link: https://www.econbiz.de/10003890403
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Growth regression and economic theory
Elbers, Chris; Gunning, Jan Willem - 2002 - Rev.
In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does...
Persistent link: https://www.econbiz.de/10011326976
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Corruption, fiscal policy, and growth : a unified approach
Ghosh, Sugata; Neanidis, Kyriakos C. - 2013
Persistent link: https://www.econbiz.de/10009769271