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| Registros recuperados: 26 | |
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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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| Registros recuperados: 26 | |
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