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The determinants of Italy's regional imbalances over the long run: exploring the contributions of human and social capital

Felice, Emanuele - Department of Economics, Oxford University - 2011

The article aims to present and discuss estimates of levels of human and social capital in Italy's regions over the long term, i.e. roughly from the second half of the nineteenth century up to the present day. The results are linked to newly available evidence for regional value added in order...

Persistent link: https://www.econbiz.de/10011004271

Nonoptimality of the Friedman Rule with Capital Income Taxation

Petrucci, Alberto - Department of Economics, Oxford University - 2008

This paper studies the efficient taxation of money and factor income in intertemporal optimizing growth models with … tax and a non-zero capital income tax when there are restrictions on taxation of production factors or profits/rents. Our …

Persistent link: https://www.econbiz.de/10011004275

Unbalanced Growth

Beggs, Alan - Department of Economics, Oxford University - 2000

This paper considers a model of endogenous growth with two sectors. It shows that it may be desirable to concentrate research in one sector, and so have unbalanced growth, but that the pressure of competition in research may cause the private sector to spread research too widely, and so have...

Persistent link: https://www.econbiz.de/10010605145

Is There a Growth-Unemployment Trade-Off?

Toche, Patrick - Department of Economics, Oxford University - 2001

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the factors of production are interdependent. This paper develops a model where the determination of the wage is central to the evolution of these incentives. The incentive to hire...

Persistent link: https://www.econbiz.de/10010605230

Aid versus Trade Revisited

Adam, Christopher; Stephen A O`Connell - Department of Economics, Oxford University - 2000

This paper examines the (non) equivalance between aid flows and trade preferences as alternative forms of donor assistance in the presence of learning-by-doing externalities in recipient country export production. Using a two-period model based on vanWijnbergen (1985), in which the productivity...

Persistent link: https://www.econbiz.de/10010605259

Seignorage, Government Spending and Growth in a Lucasian General Equilibrium Model.

Krolzig, H.M.; Wohrmann, D.I.A. - Department of Economics, Oxford University - 1996

This paper examines the effects of fiscal and monetary policy in a two-sectorial endogenous growth model.

Persistent link: https://www.econbiz.de/10004977876

Structural Change in Argentina, 1900-1973: The Role of Import Substitution and Factor Endowments

Segal, Paul - Department of Economics, Oxford University - 2009

This paper investigates structural change in Argentina between 1900 and 1973. It has been argued that trade policy under import-substituting industrialization disfavoured agriculture and led to a "technological lag" in the sector, and that this explains agriculture's relative decline during a...

Persistent link: https://www.econbiz.de/10005007820

Aid and the Supply Side: Public Investment, Export Performance and Dutch Disease in Low Income Countries

Adam, Christopher; Bevan, David - Department of Economics, Oxford University - 2004

largest aggregate return to aid, but it does so at the cost of a deterioration in the income distribution. Income gains accrue …

Persistent link: https://www.econbiz.de/10005090647

Engel`s Pause: A Pessimist`s Guide to the British Industrial Revolution

Allen, Robert; Allen, Robert C. - Department of Economics, Oxford University - 2007

per worker expanded. The profit rate doubled and the share of profits in national income expanded at the expense of labour … model includes an aggregate production function that explains the distribution of income, while a savings function in which … savings depended on property income governs accumulation. Simulations with the model show that technical progress was the …

Persistent link: https://www.econbiz.de/10005090697

Pessimism Preserved: Real Wages in the British Industrial Revolution

Allen, Robert; Allen, Robert C. - Department of Economics, Oxford University - 2007

The paper compares Feinstein`s and Clark`s consumer price and real wage indices for the British industrial revolution. The sources for their weights and component price series are evaluated. While some of Clark`s innovations are improvements, many of his changes degrade the price index. A new...

Persistent link: https://www.econbiz.de/10005090706