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Author: Fidel Perez-Sebastian Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics of the R&D-based growth model can account for growth 'miracles'. The additional convergence power provided by technology imitation allows the model to replicate rapid growth experiences for plausible real interest rates, and reasonable consumption and investment shares. Furthermore, our results can reconcile the big contribution of input factor accumulation to economic growth found by Young (1994. European Economic Review 38, 964--973; 1995. Quartely Journal of Economics 110, 641--680) with the importance of technology transfer.
Author: Fidel Perez-Sebastian Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics of the R&D-based growth model can account for growth 'miracles'. The additional convergence power provided by technology imitation allows the model to replicate rapid growth experiences for plausible real interest rates, and reasonable consumption and investment shares. Furthermore, our results can reconcile the big contribution of input factor accumulation to economic growth found by Young (1994. European Economic Review 38, 964--973; 1995. Quartely Journal of Economics 110, 641--680) with the importance of technology transfer.
Author: Thomas Steger Publisher: Springer Science & Business Media ISBN: 3642457843 Category : Business & Economics Languages : en Pages : 161
Book Description
Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.
Author: Compiled by the British Library of Political and Economic Science Publisher: Psychology Press ISBN: 9780415262361 Category : Business & Economics Languages : en Pages : 720
Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Author: Ord¢¤ez de Pablos, Patricia Publisher: IGI Global ISBN: 1616928484 Category : Business & Economics Languages : en Pages : 276
Book Description
The regional development of society and economy are closely related with innovative capacities. As the benefits of Regional information systems in establishing innovative regional planning are more widely recognized, there is a greater demand for a definitive text on the nascent subject. Regional Innovation Systems and Sustainable Development: Emerging Technologies promotes scientific discussion on standards and practices of regional development, while also covering emerging research topics in regional innovation systems and sustained development. A leading source of information from experts in the field, this text demonstrates the capacity of regional innovation systems, information technology, management and sustainable development for the mutual understanding, prosperity and well being of all the citizens in the world.
Author: Robert J. Barro Publisher: MIT Press ISBN: 9780262025539 Category : Business & Economics Languages : en Pages : 676
Book Description
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author: Michelle P. Connolly Publisher: ISBN: Category : Developing countries Languages : en Pages : 58
Book Description
"An endogenous growth model is developed demonstrating both static and dynamic gains from trade for developing nations due to the beneficial effects of trade on imitation and technological diffusion. The concept of learning-to-learn in both imitative and innovative processes is incorporated into a quality ladder model with North-South trade. Domestic technological progress occurs via innovation or imitation, while growth is driven by technological advances in the quality of domestically available inputs, regardless of country of origin. In the absence of trade, Southern imitation of Northern technology leads to asymptotic conditional convergence between the two countries, demonstrating the positive effect of imitation on Southern growth. Free trade generally results in a positive feedback effect between Southern imitation and Northern innovation yielding a higher common steady-state growth rate. Immediate conditional convergence occurs. Thus, trade in this model confers dynamic as well as static benefits to the less developed South, even when specializing in imitative processes"--Abstract.
Author: Enayat A. Moallemi Publisher: Routledge ISBN: 0429576668 Category : Business & Economics Languages : en Pages : 254
Book Description
Modelling Transitions shows what computational, formal and data-driven approaches can and could mean for sustainability transitions research, presenting the state-of-the-art and exploring what lies beyond. Featuring contributions from many well-known authors, this book presents the various benefits of modelling for transitions research. More than just taking stock, it also critically examines what modelling of transformative change means and could mean for transitions research and for other disciplines that study societal changes. This includes identifying a variety of approaches currently not part of the portfolios of transitions modellers. Far from only singing praise, critical methodological and philosophical introspection are key aspects of this important book. This book speaks to modellers and non-modellers alike who value the development of robust knowledge on transitions to sustainability, including colleagues in congenial fields. Be they students, researchers or practitioners, everyone interested in transitions should find this book relevant as reference, resource and guide.
Author: Fidel Perez-Sebastian
Author: Fidel Perez-Sebastian
Author: Dirk Bethmann
Author: Chetan Ghate
Author: Thomas Steger
Author: Svetlana Poshtanova
Author: Compiled by the British Library of Political and Economic Science
Author: Ord¢¤ez de Pablos, Patricia
Author: Robert J. Barro
Author: Michelle P. Connolly
Author: Enayat A. Moallemi