Two-sector endogenous growth model
The two sector endogenous growth model: an atlas
... the two-sector endogenous growth model with human capital has featured in increasing numbers of applications in ...has two aims. First, to provide an atlas of sorts for the Lucas ...
29
The two sector endogenous growth model: An atlas
... the model in its original form, is somewhat hampered by its in- ability to accommodate preferences characterized by high intertemporal elasticities of substitution, particularly if the rate of population ...
31
The two sector endogenous growth model: An atlas
... Permanent repository link: http://openaccess.city.ac.uk/13864/ Link to published version: http://dx.doi.org/10.1016/j.jmacro.2012.03.005 Copyright and reuse: City Research Online aims to[r] ...
6
Evaluating the Effects of FDI on Growth in the Context of One and Two-Sector Endogenous Growth Models.
... Now I will turn to the case when the host country deviates from its BGP value of K to H ratio by having more K type capital than H. The important difference from the previous case is that both home and host country ...
116
"Growth in an open economy: some recent developments"
... the two-sector endogenous growth model. The model included two capital goods, physical capital and human ...output sector, using both human and physical ...
74
The Study of the Dynamics of Innovative Development of Economy on the Endogenous Growth Through Multi-sector Extension of the Solow Model
... the two-stage growth theory of Acemoglu, Aghion, ...this endogenous growth model innovations are subdivided into the categories of global and local innovations, and the assertion that ...
9
The Underground Economy in a Matching Model of Endogenous Growth
... underground sector persists with a different size in many and various countries around the world, thus raising the ‘shadow ...underground sector and ...economic growth, i.e. the pattern regarding the ...
31
Estimating Optimum Value of Investment and Human Capital in the R&D Sector of Iran Using an Augmented Endogenous Growth Model
... in two ways; on the one hand, past innovation might provide the instruments for smoothing the future ...Ramsey model, we consider the growth rate of labor to be ...the growth rate of labor can ...
22
Industrial structure and productivities in a two sector growth model
... technologies endogenous by introducing exchange of technology between manufacturing section and service ...that growth rates of both sections are the same, which means output proportion of sections is ...
31
A Matching Model of Endogenous Growth and Underground Firms
... underground sector, albeit different extents, in all countries around the world has been documented by many studies, and has been called the ‘shadow ...underground sector relates with unemployment has also ...
33
A note on demographic shocks in a multi-sector growth model
... augmented two-sector model of endogenous-growth, in which unskilled labor is a separate factor of production, showing that a closed-form solution can be found under the condition that ...
6
Indeterminacy in Two Sector Models of Endogenous Growth with Leisure
... to two recent developments in the literature on growth models with human capital accumulation under constant ...Lucas model in the absence of market distortion conducted by Ladrón-de-Guevara, ...
29
Natural disasters in a two sector model of endogenous growth
... economic growth is relatively ...on growth. Raddatz (2007) considered a vector autoregressive (VAR) model for low-income countries with various external shocks, includ- ing climatic disasters, and ...
49
Fractals and self-similarity in economics: the case of a two-sector growth model
... last two cases consider a more realistic economy in which the capital share parameter is set to be α = ...physical sector, α, measuring its marginal returns on capital, has been traditionally considered the ...
13
An Asymptotically Non Scale Endogenous Growth Model
... are two types of uncompensated knowledge spillovers: intra-sectoral knowledge spillovers (MAR externalities: Marshall, 1890; Arrow, 1962; Romer, 1986) and inter-sectoral knowledge spillovers (Jacobs externalities: ...
19
Fiscal policy and indeterminacy in models of endogenous growth
... his model by restricting the ex- ternal effects to the average, rather than the aggregate amount of human ...one sector model to a model with two sectors, Lucas maintained the assumption ...
26
Endogenous Ranking in the Two Sector Urn Ball Matching Process
... education sector limits the availability of skilled workers, firms find optimal not to add additional screening since this practice would lower the expected value of education for individuals at-the-margin, ...
18
New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations
... ratio model sees the recession of the early 1990s as having being particularly severe in the sense of bringing output farthest below its stochastic ...This model thus sees the long, largely investment-led, ...
41
Growth literature and policies for the developing countries
... many growth improving variables are identified in the empirical ...theoretical model is also justified because it is hard to estimate the actual structural equations of the theoretical endogenous ...
35
How useful is the theoretical and empirical growth literature for policies in the developing countries?
... country growth determinants and thereby bring some clarity to empirical growth ...of growth are (1) economic institutions (2) legal and political systems (3) climate (4) geographical isolation (5) ...
38