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Author : Antonio Ciccone,Giovanni Peri,Douglas Almond
Publisher : Unknown
Page : 70 pages
File Size : 46,8 Mb
Release : 1999
Category : Capital
ISBN : UVA:X006094370
Author : Mr.Bankim Chadha
Publisher : International Monetary Fund
Page : 40 pages
File Size : 52,5 Mb
Release : 1990-05-01
Category : Business & Economics
ISBN : 9781451974188
This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints in the labor market. In order to analyze the process of restructuring a model of endogenous growth for a small open economy that is driven by increases in labor productivity from learning and that allows for the dynamic acquisition of comparative advantage is developed. In this framework the effects of various policies and exogenous shocks on the direction and pace of restructuring are investigated.
Author : Karl Marx
Publisher : Wildside Press LLC
Page : 54 pages
File Size : 45,7 Mb
Release : 2008-04-01
Category : Political Science
ISBN : 9781434469267
This volume contains an English translation of Karl Marx's influential essay.
Author : Mr.Bob Rowthorn
Publisher : International Monetary Fund
Page : 39 pages
File Size : 40,6 Mb
Release : 1999-03-01
Category : Business & Economics
ISBN : 9781451846300
This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how income distribution and the NAIRU are influenced by capital formation, technical progress, and labor force expansion, and how these factors’ impact depends on the elasticity of substitution between capital and labor. The paper distinguishes between the short-run NAIRU when capital stock is exogenous, and the long-run NAIRU when it is endogenous. It also considers how the analysis must be modified to take into account Keynesian ideas concerning the role of aggregate demand. It concludes that unless the capital stock grows in line with labor supply in efficiency units, the short-run NAIRU will increase, reducing the scope for demand stimulation.
Author : Karl Marx
Publisher : Unknown
Page : 52 pages
File Size : 50,7 Mb
Release : 1975
Category : Electronic
ISBN : 8210379456XXX
Author : Engelbert Stockhammer
Publisher : Springer
Page : 193 pages
File Size : 51,8 Mb
Release : 2013-12-03
Category : Business & Economics
ISBN : 9781137357939
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Author : Pasquale Sgro
Publisher : Routledge
Page : 181 pages
File Size : 54,7 Mb
Release : 2020-03-27
Category : Business & Economics
ISBN : 9781317527855
This book, which was first published in 1980, is concerned with one particular branch of growth theory, namely descriptive growth theory. It is typically assumed in growth theory that both the factors and goods market are perfectly competitive. In particular this implies amongst other things that the reward to each factor is identical in each sector of the economy. In this book the assumption of identical factor rewards is relaxed and the implications of an intersectoral wage differential for economic growth are analysed. There is also some discussion on the short-term and long-run effects of minimum wage legislation on growth. This book will serve as key reading for students of economics.
Author : Hans Brems
Publisher : Unknown
Page : 216 pages
File Size : 48,7 Mb
Release : 1973
Category : Economic development
ISBN : UOM:39076005764670
Author : E. Hein,A. Heise,A. Truger
Publisher : Springer
Page : 275 pages
File Size : 40,5 Mb
Release : 2006-02-07
Category : Business & Economics
ISBN : 9780230371781
This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.
Author : Jacob Mincer
Publisher : Edward Elgar Publishing
Page : 456 pages
File Size : 55,7 Mb
Release : 1993-01-01
Category : Business & Economics
ISBN : 1782541551
'The books should. . . . be bought by every university library. The research reported here is important, the exposition is lucid, the sequencing of chapters is sensible and the retrospective aspect of the volumes provides a fascinating insight into the working methods of one of the great economists of our time.' - Geraint Johnes, International Journal of Manpower Studies in Human Capital, the first volume of Jacob Mincer's essays to be published in this series, assesses the impact of education and job training on wage growth. It offers an authoritative study of the effects of human capital investments on labor turnover and the impact of technological change on human capital formation.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 40 pages
File Size : 45,8 Mb
Release : 1994-12-01
Category : Business & Economics
ISBN : 9781451921335
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human capital flight or “brain drain” arising out of wage differentials, say because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a positive effect on growth, such a policy can have a negative effect on growth when human capital flight is taking place. Since subsidizing higher education is more likely to induce substantial brain drain, it is likely to be inferior to subsidy to lower levels of education if growth is to be increased.
Author : Alberto Bucci,Klaus Prettner,Alexia Prskawetz
Publisher : Springer Nature
Page : 384 pages
File Size : 45,6 Mb
Release : 2019-11-26
Category : Business & Economics
ISBN : 9783030215996
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.
Author : Audra J. Bowlus,Chris Robinson
Publisher : Unknown
Page : 128 pages
File Size : 51,9 Mb
Release : 2010
Category : Electronic
ISBN : 0771428715
Author : Joan Robinson
Publisher : Springer
Page : 150 pages
File Size : 49,8 Mb
Release : 1965-01-01
Category : Business & Economics
ISBN : 9781349006267
Author : Thomas Piketty
Publisher : Harvard University Press
Page : 817 pages
File Size : 48,9 Mb
Release : 2017-08-14
Category : Business & Economics
ISBN : 9780674979857
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.