Human Capital And Endogenous Growth In A Large Scale Life Cycle Model
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Author | : Patricio Arrau |
Publisher | : |
Total Pages | : 52 |
Release | : 1989 |
Genre | : Capital investments |
ISBN | : |
Life- cycle models of growth can yield a negative relation between population growth and income per capita growth, where the direction of causality goes from the exogenous rate of population growth to the endogenous rate of income growth. Tax policy can affect the proportion of human and physical capital in household portfolios. Tax policy that favors human capital over physical capital produces higher growth in per capita income.
Author | : Patricio Arrau |
Publisher | : |
Total Pages | : 52 |
Release | : 1989 |
Genre | : Capital investments |
ISBN | : |
Author | : Ross Levine |
Publisher | : World Bank Publications |
Total Pages | : 59 |
Release | : 1991 |
Genre | : Crecimiento economico |
ISBN | : |
The design, implementation, and interpretation of cross- country investigations should be improved. This review of conceptual, methodological, and statistical weaknesses in cross- country studies suggests that existing findings warrant only limited confidence.
Author | : Ms.Valerie Cerra |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2020-05-29 |
Genre | : Business & Economics |
ISBN | : 1513536990 |
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author | : William Russell Easterly |
Publisher | : World Bank Publications |
Total Pages | : 49 |
Release | : 1989 |
Genre | : |
ISBN | : |
Author | : Ian Graeme Heggie |
Publisher | : World Bank Publications |
Total Pages | : 70 |
Release | : |
Genre | : |
ISBN | : |
Author | : Vittorio Corbo |
Publisher | : World Bank Publications |
Total Pages | : 42 |
Release | : 1991 |
Genre | : Ajuste economico |
ISBN | : 9609301320 |
Adjustment should begin with policy and institutional reforms to deal with the ultimate causes of any macroeconomic crisis a country is experiencing. Only when progress has been made in reducing inflation and fiscal and balance of payment deficits should other structural reforms begin - of the public sector, trade and competition, the financial sector, and the labor market.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 65 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 744 |
Release | : 1992 |
Genre | : |
ISBN | : |
Author | : Philippe Aghion |
Publisher | : Newnes |
Total Pages | : 1172 |
Release | : 2013-12-20 |
Genre | : Business & Economics |
ISBN | : 0444535470 |
Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005). - Offers definitive theoretical and empirical scholarship about growth economics - Empowers readers to evaluate the work of other economists and to plan their own research projects - Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions