Showing 151 - 160 of 283,847
Persistent link: https://www.econbiz.de/10014114754
1960 to the 2010s out of a sample of 182 economies. Our findings show that higher physical and human capital growth and oil …
Persistent link: https://www.econbiz.de/10014120561
This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of...
Persistent link: https://www.econbiz.de/10014023766
variability in income levels and their growth rates. We review estimates for a wide range of policy variables. In many cases, the … magnitude of the estimates is under debate. Estimates found by running cross-sectional growth regressions are sensitive to which …
Persistent link: https://www.econbiz.de/10014024240
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the … frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based … on historical national accounts data is given and is accompanied by a review of growth accounting evidence on the sources …
Persistent link: https://www.econbiz.de/10014025605
Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of … processes of economic growth in a population of boundedly rational learning agents. The study is an exercise in comparative … simulation. That is, the same family of growth models will be simulated under different assumptions about the nature of the …
Persistent link: https://www.econbiz.de/10013519071
Persistent link: https://www.econbiz.de/10013553141
We reassess convergence of income and its determinants across countries using the dataset constructed by Klenow and Rodriguez-Clare (2005) and our updated version of the same data. Consistent with the literature, the ergodic distribution of output per worker features separate convergence clubs....
Persistent link: https://www.econbiz.de/10013133209
This paper examines whether the Solow growth model is consistent with the international variation in the standard of … growth confirm the model's predictions. The paper also examines the implications of the Solow model for convergence in …, holding population growth and capital accumulation constant, countries converge at about the rate the augmented Solow model …
Persistent link: https://www.econbiz.de/10013138393
This paper develops a theory of the emergence of modern innovation-driven Schumpeterian growth. It uses a tractable … followed by a deceleration with convergence to a stationary growth rate. Compared to other availables theories, the paper …
Persistent link: https://www.econbiz.de/10013080980