Download or read book Human Capital and Economic Growth in an Overlapping Generations Model written by Binh Tran-Nam and published by . This book was released on 1995 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Theory of Economic Growth written by David de la Croix and published by Cambridge University Press. This book was released on 2002-10-24 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.

Download or read book Human Capital in in an Overlapping Generations Economic Growth Model written by Pierre Ninh Van Tu and published by Calgary : Department of Economics, University of Calgary. This book was released on 1994 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Growth and International Trade written by Karl Farmer and published by Springer Nature. This book was released on 2021-04-01 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated for the 2nd edition, this textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, robots and involuntary unemployment, financial integration and house price dynamics, policies to mitigate climate change and the persistence of religion in a globalized market economy are explored. The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter- and intra-sectoral trade, investigates innovation, growth and trade and limits to public debt as well as nationally and internationally optimal climate policies. The debt dynamics of the Euro Zone and the origins of intra-EMU and Asian-US trade imbalances are also explored. The book is primarily addressed to upper undergraduate and graduate students wishing to proceed to the analytically more demanding journal literature.

Download or read book Human Capital and Economic Growth written by Andreas Savvides and published by Stanford University Press. This book was released on 2008-10-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth investigation of the link between human capital and economic growth. The authors take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital. The text fosters a deep understanding of the connection between human capital and economic growth through the exploration of different theoretical approaches, a review of the literature, and the application of nonlinear estimation techniques to a comprehensive data set. The authors discuss nonparametric econometric techniques and their application to estimating nonlinearities—which has emerged as one of the most salient features of empirical work in modeling the human capital-growth relationship, and the process of economic growth in general. By delving into the topic from theoretical and empirical standpoints, this book offers an insightful new view that will be extremely useful for scholars, students, and policy makers.

Download or read book Two Essays on Human Capital Accumulation and Economic Growth written by Alexandros T. Mourmouras and published by . This book was released on 1988 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Human Capital Within a Growth Model of Overlapping Generations written by Gideon Yaniv and published by . This book was released on 1974 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Conflating Effects of Education and Financial Competition in an Overlapping Generations Growth Model with Nelson Phelps Human Capital written by Mark A. Roberts and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nelson-Phelps concept of human capital, determining the speed at which a new technology may be implemented, is considered within an AK, overlapping-generations model, where finance firms act as local monopolies in the loan market but as monopsonistic price-takers in the deposit market. Households also vote for taxes earmarked for public investment in education and, thence, the subsequent level of human capital. A concentrated financial market structure, despite directly lowering economic growth, may indirectly raise it through provoking a political economy response of voting for higher taxes for greater levels of Nelson-Phelps human capital.

Download or read book Optimal Economic Growth and Non Stable Population written by Evert van Imhoff and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies optimal economic growth in a closed economy which experiences non-stable population growth. The economy is described by means of a neoclassical growth model which distinguishes overlapping generations within the population. The basic neoclassical growth model is extended to include various types of technical change, as well as investment in human capital or education. The research described in this book connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. The role of demographic processes in the growth theoretical literature is discussed in the next section. The discussion will show that growth theory needs to extend its scope through the construction of growth models which explicitly recognize demographic forces as a potential source of non-stationarities. This book constitutes a first attempt at such a demographic extension. 1.1 Growth theory and demographic change The theory of economic growth (e.g. Solow, 1970; Burmeister & Dobell, 1970; Wan, 1971) attempts to describe and to explain the long-run development of an economic system (or, in short, economy). An economic system is essentially dynamic in nature. Among the most important sources of dynamics in economics are the following: accumulation of capital (investment); technical change; population growth. Some of these dynamic forces are, at least in part, endogenous to the economic system (i.e. determined by economic variables).

Download or read book Generational Conflict Human Capital Accumulation and Economic Growth written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Bureau of Economic Research, Inc. (NBER) presents an abstract of the June 2000 working paper entitled "Generational Conflict, Human Capital Accumulation, and Economic Growth," written by Douglas Holtz-Eakin, Mary E. Lovely, and Mehmet S. Tosun. The full text of the paper may be purchased online. This paper uses an overlapping-generations model to investigate the effect of this demographic transition on public spending for education. The authors find no link between demographic transition and reduced support for those programs concentrated among the young.

Download or read book Three Essays on the Application of the Overlapping Generations Model written by Sichao Wei and published by . This book was released on 2017 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the dynamic relationships between economic growth, the environment, and conflict using overlapping generations models. In chapter 1, I compare pollution permits and green taxes. The model identifies pollution permits as a potential source of multiple equilibria. One nontrivial equilibrium is an environmental poverty trap (EPT) with low capital and a high stock of pollution. An economy operating around the equilibrium will gravitate toward this equilibrium in the long run. The other nontrivial equilibrium is a desirable one with high capital and a low stock of pollution. A saddle path leads to this desirable equilibrium. Alternatively, green taxes produce a unique stable equilibrium that avoids the EPT. My conclusion is that developing countries can continue to consider pollution permits as an efficient mechanism to improve environmental conditions but proceed with caution given the possibility of being drawn into an EPT. In chapter 2, I study the health effects of pollution on the accumulation of physical and human capital. Pollution negatively affects the accumulation of physical and human capital because pollution reduces longevity and the effectiveness of education expenditures. The model can generate rich dynamics in terms of the ratio of physical to human capital and the stock of pollution. One interesting case is that two stable Balanced Growth Paths (BGPs) emerge with a boundary demarcating the two. One BGP is desirable featuring a high growth rate and a low stock of pollution, whereas the other should be avoided because it is associated with a low growth rate and a high stock of pollution. Government policy can steer the economy towards the desirable BGP. Another interesting case is that cycles may emerge causing increased economic and environmental volatility. Government policy to divert more resources for pollution abatement is necessary to eliminate the cycles. In chapter 3, I study two model specifications of repeated contests over a prize. In the first specification, the contests are motivated by non-financial purposes and the conquered prize comes into agent’s utility function. In the second specification, the contests are motivated by financial purposes and the conquered prize comes into the agent’s budget constraint. The model gives rise to rich predictions in terms of economic growth, intensity of conflict, and dispute outcome both in the short run and in the long run. By comparing the two specifications, I conclude that the disputes motivated by non-financial purposes will escalate over time as the economy grows, whereas the disputes motivated by financial purposes may escalate in the short long but stabilize in the long run. By observing the time-series data for economic growth and conflict intensity, international mediators can trace back to the dominating cause of disputes, and thus design appropriate resolutions.

Download or read book Capital Mobility Fiscal Policy and Growth Under Self financing of Human Capital Formation written by Willem H. Buiter and published by . This book was released on 1995 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analyzed. We find that intergenerational redistribution policies that discourage physical capital formation may encourage human capital formation. Despite common technologies and perfect international mobility of financial capital, the non- tradedness of human capital and the illiquidity of human wealth make for persistent differences in productivity growth rates (in the endogenous growth version of the model) or in their levels (in the exogenous growth version). We also consider the productivity growth (or level) effects of public spending on education and of the distortionary taxation of financial asset income.

Download or read book Human Capital Optimal Educational Tax and Economic Growth in an Overlapping Generation Model written by Binh Tran-Nam and published by . This book was released on 1993 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of Rents to Human Capital in Economic Development written by Gilles Saint-Paul and published by . This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Human Capital Endogenous Growth and Government Policy written by Martin Husz and published by Peter Lang Publishing. This book was released on 1998 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Demand for Human Capital written by Anu Rammohan and published by . This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Generational Conflict Human Capital Accumulation and Economic Growth written by Douglas Holtz-Eakin and published by . This book was released on 2000 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Worldwide, dependency ratios are forecast to increase dramatically in the next 50 years. A great deal of attention has been devoted to understanding the changes in fiscal policies that must' take place to accommodate these changes. In contrast, less effort has been concentrated on studying the fiscal shifts that will endogenously result from demographic pressures. An example of particular interest is the degree to which a more elderly population will support public spending for education. We use an overlapping-generations model to investigate the effect of this demographic transition on the endogenous determination of public spending for education. A demographic transition alters the identity of the median voter, leading to a preference for less education spending. If the public sector is inefficiently small, demographic transition exacerbates the underprovision of human capital. Alternatively, such a shift may trim an inefficiently large government, reduce tax rates and raise capital per worker enough to raise education spending. Thus, there is no automatic link between demographic transition and reduced support for those programs whose benefits are concentrated among the young