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| Registros recuperados: 26 | |
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| Badibanga, Thaddee Mutumba. |
| Since the abolition of its Apartheid regime in 1994, South Africa has launched a massive program of education, which has been financed through resources representing on average 21% of the national budget or 7% of GDP. Today, the GDP share of public spending on education is 1.3 times the average of industrialized countries (5.4%) and almost twice that of developing countries (3.9%). In this paper, we simulate fiscal policy experiments to analyze the growth and welfare effects of a shift in the allocation of government expenditures between public spending on education and transfers as well as those of a change in the tax rate in a model of endogenous growth with human capital accumulation for the South African economy. The results of simulations demonstrate... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Fiscal Policy; Government Expenditures and Education; Growth Model; International Development; Labor and Human Capital; E62; H52; O41. |
| Ano: 2008 |
URL: http://purl.umn.edu/6431 |
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| Grobovsek, Jan. |
| Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations suggest they do: (i) intermediates are relatively expensive in poor countries; (ii) goods industries demand intermediates more intensively than service industries; (iii) goods industries are more prominent intermediate suppliers in poor countries. I build a standard multisector growth model accommodating these features to show that inefficient intermediate production strongly depresses aggregate productivity and increases the price ratio of final goods to services. Applying the model to data for middle and high income countries, I find that poorer countries are only modestly less efficient at producing goods than services, but... |
| Tipo: Working Paper |
Palavras-chave: Development Accounting; Productivity; Intermediate Goods; Production Economics; O10; O41; O47. |
| Ano: 2011 |
URL: http://purl.umn.edu/119112 |
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| Lim, Steven; Feng, Gary. |
| Over the last two decades the structure of the Chinese economy has transformed rapidly. The transformation has had a significant impact on other economies, particularly as Chinese exports maintain their global ascendance. The economic threats and opportunities posed by China will continue to change over time. Yet very little research has been conducted on the economic forces that spur the transformation of China’s economic structure. We present a model of the forces underpinning China’s evolving economy, investigating the determinants of China’s progression through key economic stages, including the initial transition from agriculture to manufacturing. To highlight the speed of structural transformation we analyze data from 1985-2003. Our forecasts suggest... |
| Tipo: Journal Article |
Palavras-chave: Flying Geese model; Comparative advantage; China; International Relations/Trade; O41; O53; P27. |
| Ano: 2005 |
URL: http://purl.umn.edu/50273 |
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| Adu, George. |
| This paper examines the effect of environmental policy on economic growth in a small open economy in a neoclassical framework with pollution as an input. We show that environmental policy imposes a drag on long run growth in both the open and closed economy cases. The effect of environmental policy on growth is stronger in the open economy case relative to the closed economy model if the country has strong aversion to pollution and thus serves as a net exporter of capital in the international capital market. On the other hand, if the agents in the economy have low aversion to pollution and thus import capital, the effect of environmental care on growth is stronger in the closed economy relative to the open economy. Thus, from our set-up, environmental... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic growth; Pollution tax; Capital-output ratio; Open economy; Capital flight; Environmental Economics and Policy; O40; O41; Q56. |
| Ano: 2011 |
URL: http://purl.umn.edu/118225 |
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| Tsur, Yacov; Zemel, Amos. |
| We extend Weitzman's (1998) recombinant growth framework to include endogenous R&D decisions. The analysis is carried out in the (knowledge-capital) state space by means of two characteristic curves: one is identified as a turnpike along which growing economies evolve; the other attracts stagnating economies. Sustained growth depends on a condition relating the slopes of the characteristic curves as well as on a minimal endowment requirement. A growing economy reaches the turnpike at a most rapid R&D rate and evolves along it thereafter. In the long run, the rate of growth and the income shares devoted to R&D, saving and consumption approach constant values that depend on the asymptotic characteristic slopes. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Knowledge generation; Combined ideas; Endogenous R&D; Balanced growth; Research Methods/ Statistical Methods; C61; O31; O41. |
| Ano: 2006 |
URL: http://purl.umn.edu/7135 |
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| Vinyes, Cristina; Roe, Terry L.. |
| Disenchantment with the Washington Consensus has led to an emphasis on growth diagnostics. In the case of Brazil, the literature suggests three main factors impeding growth: low domestic savings, a shortage of skilled workers, and lack of investment in the country’s transportation infrastructure. The unique contribution of this study is to show the inter-temporal implications of relaxing these constraints. We fit a multi-sector Ramsey model to Brazilian data, validate its fit to times data, and provide empirical insights into the economy’s structural transformation to long-run equilibrium. Then, the sensitivity of these results to relaxing each of these three constraints is investigated in a manner that yields the same long-run level of well- being.... |
| Tipo: Report |
Palavras-chave: Economic growth; Ramsey; Growth diagnostics; International Development; O11; O41; O54; D58. |
| Ano: 2010 |
URL: http://purl.umn.edu/56502 |
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| Irz, Xavier T.; Roe, Terry L.. |
| This paper develops a two-sector model of growth where agriculture is considered explicitly. Key features of the model include: the reliance of agricultural production on a fixed but degrading resource base, the use by the farm sector of industrially produced inputs and differing rates of technological progress in the two sectors. On the demand side, the low income elasticity for food as well as the life-sustaining function of food consumption are recognized. In this simplified framework, the sustainability of growth can be related to the existence of a steady state reflecting the ability of the economy to feed its population. This property is used to identify the characteristics within and outside of agriculture conducive to the sustainability of a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Sustainability; Agriculture and growth; Dynamic general equilibrium model; International Development; O41; O13; F11. |
| Ano: 2000 |
URL: http://purl.umn.edu/21762 |
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| Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo. |
| This paper looks at the interplay between human capital and innovation in the presence of climate and educational policies. Using recent empirical estimates, human capital and general purpose R&D are introduced in an integrated assessment model that has been extensively applied to study climate change mitigation. Our results suggest that climate policy stimulates general purpose as well as clean energy R&D but reduces the incentive to invest in human capital formation. Human capital increases the productivity of labour and the complementarity between labour and energy drives its pollution-using effect (direct effect). When human capital is an essential input in the production of generic and energy dedicated knowledge, the crowding out induced by... |
| Tipo: Working Paper |
Palavras-chave: Climate Policy; Innovation; Human capital; Environmental Economics and Policy; O33; O41; Q43. |
| Ano: 2012 |
URL: http://purl.umn.edu/122861 |
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| Birk, Angela. |
| How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching-model is developed, in which the unemployment pool consists of heterogeneous unemployed workers, short-term and long-term unemployed, and with an endogenous skill-depreciation of the long-term unemployed emerging as technical progress accelerates. For innovation countries characterized by rapid technical progress we show that through subsidizing vacancy creation which causes a substitution and an income effect long-term unemployment can be reduced. Since the positive substitution effect implied by subsidizing vacancy creation outweighs the negative income effect induced by taxing the household's income, a positive employment effect results... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Long-term unemployment; Growth; Search; Matching; Subsidies; Labor and Human Capital; E24; J41; O41. |
| Ano: 2001 |
URL: http://purl.umn.edu/26194 |
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| Elbasha, Elamin H.; Roe, Terry L.. |
| This paper uses an endogenous growth model to examine the interaction between trade, economic growth, and the environment. We find that whether trade enhances or retards growth depends on the relation between factor intensities of exportable, importable, and R&D and the relative abundance of the factor R&D uses more intensively. Depending on the intertemporal elasticity of substitution, the long-run rate of economic growth changes with environmental externalities. Concerns about the environment can explain a significant part of cross-country difference in growth rates. For the empirically reported range of the elasticity of intertemporal substitution, countries which care more about the environment grow faster. The effects of trade on the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy; F11; O31; O41; Q20. |
| Ano: 1995 |
URL: http://purl.umn.edu/7493 |
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| Gaitan, Beatriz; Roe, Terry L.. |
| The closed economy neoclassical growth model predicts convergence to a capital stock level that is independent of its initial level, suggesting that discrepancies in per capita income among the world’s economies should largely disappear in the long-run. This paper shows that international trade among countries differing only in their level of initial capital is sufficient to generate long-run income differences across countries. The long-run level of capital of the country most initially endowed with capital is shown to exceed the level of capital otherwise obtained in autarchy while the country least endowed converges to a capital stock lower than would otherwise be obtained in autarchy. |
| Tipo: Report |
Palavras-chave: International trade; Development; Multiple Equilibria; International Relations/Trade; O41; F43; F11. |
| Ano: 2007 |
URL: http://purl.umn.edu/7183 |
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| Birk, Angela. |
| How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers and with endogenously determined long-term unemployed resulting from skill-depreciation. For innovation economies characterized by high steady-state levels of capital intensities the model shows that, due to a capitalization effect and a qualification-mismatch effect, increasing technological progress has adverse implications for long-term unemployment. Furthermore, for imitation economies with low steady-state capital intensities increasing technological progress can be either favorable or less favorable for long-term... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Long-term unemployment; Mismatch; Growth; Search; Matching; Labor and Human Capital; E24; J41; O41. |
| Ano: 2001 |
URL: http://purl.umn.edu/26181 |
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| Registros recuperados: 26 | |
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