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This paper is an attempt to explain variations across EU regions in productivity growth and takes into consideration the important structure of the age-productivity relation of Human Capital. The study is fundamentally based on the theory of Fingleton's model which analyses the spatial process...
Persistent link: https://www.econbiz.de/10011479474
interaction with child quantity-quality substitution, a decline in fertility. Using unique new data for 21 OECD countries over the …, indicators for child labor, compulsory schooling, and time- and countryfixed effects, we establish a strong positive impact of … technological progress on investments in education and a strongly negative one on fertility. Using two-stage regressions, we assess …
Persistent link: https://www.econbiz.de/10013328306
There is a large consensus among social researchers on the positive role played by human capital on economic performances. The standard way to measure the human capital endowment is to consider the educational attainments by the resident population, usually the share of people with a university...
Persistent link: https://www.econbiz.de/10011550852
The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are also uneven across space, it also seems relevant...
Persistent link: https://www.econbiz.de/10011515023
. Moreover, popular indicators should be applied with caution. Schooling and human ressources in science and technology can only …
Persistent link: https://www.econbiz.de/10012608051
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
Persistent link: https://www.econbiz.de/10011491971
Since the Lisbon agenda in 2000, Europe stated the goal to become the most advanced knowledge economy in the world relying specifically on the increase and strengthen of its human capital and technological endowments. However, given the presence of localized externalities in the knowledge...
Persistent link: https://www.econbiz.de/10011536575
The aim of this paper is to assess the role played by creativity and other components of human capital on the process of economic growth for 257 regions in the 27 member countries of the European Union. We first decompose the regional human capital endowment to distinguish between the...
Persistent link: https://www.econbiz.de/10011516047
Since the mid-1970s, firm entry rates in the United States have declined significantly. This also holds for other OECD countries over the past years. At the same time, these economies experienced a gradual process of population aging. Applying a tractable life-cycle model with endogenous firm...
Persistent link: https://www.econbiz.de/10012437547
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...
Persistent link: https://www.econbiz.de/10012307862