• Updated every three years with annual progress reports, they describe the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. (imf.org)
  • In the first part of the article we document empirically the considerable across-countries heterogeneity of a dilution effect of population growth also in regard to the process of per-capita human capital formation and observe that, at a country's level, population growth may be relevant (either positively or negatively) for economic growth depending on the specific way it affects the process of schooling-acquisition by agents. (repec.org)
  • The middle class has always been considered vital to a country's political stability and economic growth. (riazhaq.com)
  • Using Brazil's data, our model-based calculations suggest an 'equal work, equal pay' policy could add up to 0.2 percentage points to a country's annual GDP growth rate. (omfif.org)
  • 5 Human capital inflected by "Asian values"-namely, the preference for societal stability over personal freedom-is administered at the whims of the Singaporean government, for whom migrants' labor is essential for the country's growth. (e-flux.com)
  • Across OECD nations, more fluid job markets are associated with greater accumulation of worker skills and faster wage growth. (nber.org)
  • With greater accumulation of human capital, knowledge, skills and innovation are accumulated. (economicsrs.com)
  • Inequality, Human Capital Formation and the Process of Development (NBER Working Paper No. 17058). (uni-muenchen.de)
  • Inequality, Human Capital and Development: Making the Theory Face the Facts (MPRA Paper No. 18973). (uni-muenchen.de)
  • Initial Conditions and Economic Development: The Malaysian Case 5. (e-elgar.com)
  • Human Capital Accumulation: Education Development in Malaysia 9. (e-elgar.com)
  • Chinese-language journals focus on urban and economic transformation, while English-language journals focus on sustainable development and the circular economy, which are quite different. (frontiersin.org)
  • Resource-based cities have played a vital role in China's economic development. (frontiersin.org)
  • Investment in education allows the accumulation of human capital, a key factor in individual development. (cirano.qc.ca)
  • The population growth presents significant fiscal pressure on governments including on public service delivery, early childhood development interventions, and sustained investment in accessible and quality education for all, especially for women and girls. (worldbank.org)
  • It will require a strong country and regional commitment to the development of human capital. (worldbank.org)
  • Previous researches have proved the positive effect of creative human capital and its development on the development of economy. (hindawi.com)
  • The expansion of the scale of education, development of healthy environment, growth of GDP, development of skill training, and population migration could reduce the input of creative human capital and promote the technical efficiency, while development of trade and institutional change, on the contrary, would block the input of creative human capital and the promotion the technical efficiency. (hindawi.com)
  • Since American economist Schultz put forward Human Capital Theory in 1960s, the Human Capital Theory and its impact on social and economic development are one of the hot research issues for specialists and scholars at home and aboard. (hindawi.com)
  • Human capital usually has greater appreciation of space than material capital and other production factors, especially in the postindustry era and in the stage of rapid economic knowledge development. (hindawi.com)
  • As a "live" capital form, human capital, with its creativity and innovation, has greater value and development potential in the aspects of optimizing allocation of resources or speeding up the economic development and promoting the social progress. (hindawi.com)
  • A lot of researches show that human capital is playing a more and more significant role in the development of national culture or society or economy or employment or income and so on [ 5 - 8 ]. (hindawi.com)
  • Based on the ORU model, we found that the yield of education changes along with the economic development of China by analyzing the yield of overeducation from 1997 to 2011. (scirp.org)
  • The economic development needs the support of human capital. (scirp.org)
  • Not only in China, the rapid economic development in Japan and Germany's after the world war two also demonstrates that the accumulation of human capital is inevitable for economics. (scirp.org)
  • Under the era of knowledge-based economy, specifically, education is playing a more and more important role in economic development to a single nation. (scirp.org)
  • Financial development can have a significant impact on the economic performance of our economies. (europa.eu)
  • Policy interventions targeting Schumpeterian entrepreneurship objectives-e.g., innovative entrepreneurship and the development of new technologies-are conducive to technical change by promoting upward shifts in the countries' production function and, consequently, productivity growth. (springer.com)
  • The role of innovations and the innovativeness of economies in modern economic development is extremely important. (economicsrs.com)
  • Groningen Growth and Development Centre. (economicsrs.com)
  • [2] Karamoja remains the least developed part of the country with lower human development indicators due to limited access to school, poor infrastructure resulting in abject poverty and regional inequality. (grin.com)
  • In short, this stage of economic development involves resource allocation from the centre. (cobdencentre.org)
  • If virtual worlds do become a large part of the daily life of humans, their development may have an impact on the macroeconomies of Earth. (gamestudies.org)
  • We examine the relationship between indicators of financial development and economic performance for a cross-country panel over long and short periods. (fedinprint.org)
  • Our long-term results are consistent with much of the literature in that we find a positive relationship between financial development and economic growth. (fedinprint.org)
  • Management of region's social and economic development environmental modernization. (businessperspectives.org)
  • The purpose of this chapter is to describe and explain regional patterns of economic development as revealed by data on about 70 variables for France in the middle of the 19th century. (lu.se)
  • The findings resulting from this analysis have implications for our understanding on the origins and consequences of the development process (output growth, human capital accumulation, fertility transition). (lu.se)
  • Then, the model and analysis is extended to include technology, research and development, education, human capital and infrastructure. (lu.se)
  • However, the economic development is accompanied by serious environmental pollution. (bvsalud.org)
  • But then something happened, and the roads to development, as most people know, has been very different, for example in the case of Chile, Bolivia and Peru versus Norway and Sweden," says Cristián Ducoing, researcher in economic history at Lund University School of Economics and Management. (lu.se)
  • One of the novel things about the recent project is that it takes what is lacking from Divergent Trajectories and provides further evidence on how to follow these countries economic development. (lu.se)
  • Stature, living standards, and economic development : essays in anthropometric history / edited by John Komlos. (who.int)
  • This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada. (bankofcanada.ca)
  • Schultz claimed that the contribution to economic growth from the improvement of human capital such as human's knowledge or ability and health is more important than the increase of material force and the number of labor [ 9 ]. (hindawi.com)
  • This is because financial services represent key intermediate inputs into other sectors of the economy, and thereby provide a very important contribution to productivity, innovation and economic growth in the long term. (europa.eu)
  • Second, what is the contribution of the financial system to growth in Europe? (europa.eu)
  • As Michael Pettis argues in The Four Stages of Chinese Growth centralised capital allocation gets a tremendous support from the rent-seeking elite and are thus easy to implement. (cobdencentre.org)
  • The next stage, based on social capital accumulation, efficient (individualised) capital allocation, limited political and elite interference and human ingenuity and creativity, all tied together into an objective, law-abiding incentive structure is an impossible task for the current political structure. (cobdencentre.org)
  • This is just the direct effect of increases in women's take-home pay, not considering other effects on the allocation of talent and the production of human capital. (omfif.org)
  • Calculations suggest that an increase of one percentage point of GDP could add between 0.5 and 0.9 percentage points to Brazil's annual rate of output growth, once direct and indirect effects - most notably through changes in women's time allocation and their bargaining power over family resources - are accounted for. (omfif.org)
  • The degree to which bankruptcy is permitted to play a role in the allocation of capital is a key distinction between the Asian state-directed financial regime and the Western market-directed version. (fedinprint.org)
  • This paper shows that fiscal policy, when used for stabilization purposes, can have a positive effect on the economy's growth, on human capital accumulation, and on welfare, along the transition path. (repec.org)
  • Improvements in the quality of workers due to changes in the distribution of education and work experience are among the key determinants of the economy's potential rate of growth. (chicagofed.org)
  • This gives Africa an enormous opportunity to drive economic growth and prosperity through investments in education, skills, and health. (worldbank.org)
  • Africa's Heads of State are gathering at the Africa Human Capital Heads of State Summit to discuss how to accelerate human capital accumulation, leverage the youth bulge, and create jobs to propel economic growth. (worldbank.org)
  • Timely investments in the education and health of its population can increase productivity, spur job creation to create a demographic dividend, and unlock the enormous economic potential of the region,' said Victoria Kwakwa, World Bank Regional Vice President for Eastern and Southern Africa . (worldbank.org)
  • Given this time-sensitive window, Africa's Heads of State are convening at the Africa Human Capital Heads of State Summit on July 25-26 in Dar es Salaam to discuss this agenda as a top-of-the-line priority. (worldbank.org)
  • International trade and economic growth in Africa: The role of the digital economy. (economicsrs.com)
  • It has existed for hundreds of years and still occurs naturally in both animals and humans in many parts of the world, including Asia, southern Europe, sub-Sahelian Africa and parts of Australia. (who.int)
  • Since it was first reported in Vietnam in 2003, the disease has been responsible for human outbreaks and deaths in 15 countries in Asia, Europe, Middle East and Africa resulting in 603 human cases including 356 deaths. (who.int)
  • Dynamic analysis of patent policy in an endogenous growth model. (uni-muenchen.de)
  • All seminars held at the Centre for Economic Demography since 2007 are listed below. (lu.se)
  • Distributive Politics and Economic Growth, Scholarly Articles 455178, Harvard University Department of Economics. (uni-muenchen.de)
  • Human Capital in History brings together contributions from leading researchers in economic history, labor economics, the economics of education, and related fields. (nber.org)
  • Pierre-Richard Agénor, a professor of economics at the University of Manchester, and I have illustrated the impact of lowering gender inequality on raising Brazil's economic growth . (omfif.org)
  • He is currently coeditor of the Journal of Public Economics and associate editor of Economica, Finanzarchiv, Public Economic Theory, Public Finance and CESIfo Economic Studies. (iza.org)
  • His articles have been published in such leading journals as Econometrica, the Journal of Economic Theory, Economica, the Journal of Public Economics, the Journal of Population Economics and the Scandinavian Journal of Economics. (iza.org)
  • Whereas most cross-sectional growth analyses tend to focus only on the steady state, this volume is one of the relative few that attempt to trace the whole growth path. (e-elgar.com)
  • Our behavioral analyses reveal that human capital is one of the key forces of reducing poverty and promoting economic growth. (bsz-bw.de)
  • This study presents the role of Human Capital Resource in Economic Growth using dynamic panel Transmission Mechanism Channels in Vector Error Correction model and Time Scale Decomposition of the Wavelet analyses. (weaconferences.net)
  • The paper further identifies indicators of poverty and inequality and analyses the nature of these indicators with respect to education in Northern Uganda and Finally the paper analyses the economic implication of these indicators on education as well as the implication on the rights of children to education in the region. (grin.com)
  • Most analyses of infrastructure investment focus on the ways it can lift growth by reducing the time and resources wasted in production and transportation. (omfif.org)
  • Within this context, the course also analyses the role of economic policy in improving growth. (lu.se)
  • For a society, education acts both as an engine of economic growth and as a powerful tool in the fight against poverty. (cirano.qc.ca)
  • Economic growth alone may not solve the problem of poverty. (bsz-bw.de)
  • Thus, the contention is that, building on strong growth and continued progress in reducing poverty in Asia, developing a stable middle class requires governments to formulate and implement middle class-friendly policies. (riazhaq.com)
  • Moreover, the majority of the Asian middle class still falls in the $2-$4 range, leaving them highly vulnerable to slipping back into poverty due to economic shocks. (riazhaq.com)
  • This paper seeks to apply Human Capital Theory and Human Rights approach to critically analyse benefits of basic education in poverty reduction and realisation of regional equality in Northern Uganda. (grin.com)
  • From this point of view, one can draw a parallel between The Conditions of Agricultural Growth and another highly influential book, Amartya Sen's Poverty and Famines: An Essay on Entitlement and Deprivation (Oxford 1981), which dismantled another tenet of Malthusian theory - i.e. that famines were always (or mainly) caused by absolute deficiency of food. (eh.net)
  • Nevertheless, data from the EU KLEMS Growth and Productivity Accounts spanning the 1996-2005 period show that labour productivity growth in financial services was rather disappointing over this period, especially if compared with their corresponding performance in the US. (europa.eu)
  • Indeed, labour productivity growth of the financial sector was slightly negative in the euro area over this decade, while it outperformed the economy as a whole in the US. (europa.eu)
  • 2) the emergence of a significant labour productivity growth gap between the euro area and the US. (europa.eu)
  • Taking the business cycle into account in estimates shows that structural reforms stimulate labour productivity growth better in periods of low economic growth. (ciaonet.org)
  • As a result of structural reforms at the start of transition, the emergence of remittances and commodity exports, largely gold, as powerful new drivers of growth, and improvements in the macroeconomic management in the recent decade, per-capita real GDP grew by 3.1 percent a year on average since 1995. (worldbank.org)
  • These include improvements in leisure technology, changing social norms, increased drug use, growth in occupational licensing, and the costs and challenges associated with child care. (repec.org)
  • For instance, as recently as the late 1980s and early 1990s improvements in worker skill levels were adding about 0.40 percentage points per year to the growth of output. (chicagofed.org)
  • According to Galor and Moav (2006), the key to fast growth in modern societies is not capital accumulation but improvements in human capital. (cepr.org)
  • The presented empirical results, using Korean data from 1998 to 2008, imply that education plays a significant role in the divergence of household wealth over time and that the government's financial aid package in the form of the new student loans program positively influences equality and short-run economic growth by promoting the number of skilled workers. (uni-muenchen.de)
  • Sudden Stops are the simultaneous occurrence of a currency/balance of payments crisis with a reversal in capital flows (Calvo, 1998). (fedinprint.org)
  • We show that the increase in efficiency in human capital accumulation raises economic growth, and further equalizes wealth distribution. (go.jp)
  • Yet, the technical efficiency of creative human capital and its effects are still under research. (hindawi.com)
  • The research results indicate that, in this period, the entirety of creative human capital in China and the technical efficiency value in different regions and different provinces is still in the low level and could be promoted. (hindawi.com)
  • Poorly planned and provisional housing for transient workers is erected in a way that prioritizes state and economic efficiency over the living conditions of its inhabitants. (e-flux.com)
  • Increasing ecological & economic efficiency of ICT introduction as an innovative direction in resource saving. (businessperspectives.org)
  • This paper starts from the observation that many U.S. states have already experienced substantial growth in the size of their older population and much of this growth was predetermined by historical trends in fertility. (repec.org)
  • To analyze this question, we develop an R&D-based growth model with endogenous fertility. (uni-muenchen.de)
  • In this study, we develop a semi-endogenous-growth version of the quality-ladder model with endogenous fertility and human-capital accumulation to analyze an unexplored interaction between intellectual property rights, endogenous fertility and economic growth. (uni-muenchen.de)
  • Furthermore, a stronger cultural preference on fertility tends to magnify this negative effect of patent policy on long-run growth. (uni-muenchen.de)
  • Fertility choice in a model of economic growth. (uni-muenchen.de)
  • Fertility choice and semi-endogenous growth: Where Becker meets Jones. (uni-muenchen.de)
  • demographical changes including high rates of fertility and population growth, and epidemiological changes such as the substantial increase in prevalence of chronic diseases are among the major challenges facing the Palestinian health system. (who.int)
  • However, we fail to find a significant positive relationship after accounting for disparities in factor accumulation. (fedinprint.org)
  • I would like to thank the organisers, particularly Professors Amparo Ruiz Sepúlveda and David Bueno Vallejo, for giving me the opportunity to share with you some views on the relationship between financial systems, new technologies and productivity growth. (europa.eu)
  • Indeed, developments in the financial system can directly influence productivity growth in the euro economy, since the financial sector accounts for a significant and growing share of output and employment in our economies. (europa.eu)
  • The combination of technological progress and market structural changes should have spurred productivity growth in the euro area financial industry. (europa.eu)
  • Weak productivity developments in the financial services are also evident if we look at total factor productivity growth, a factor generally believed to have played a key role in determining the emergence of a significant output growth gap between the US and the euro area over 1996-2005. (europa.eu)
  • From the local projection method, our results show that structural reforms have a positive impact on productivity growth in the short and medium terms. (ciaonet.org)
  • Echoing the seminal work by Solow ( 1957 ), economists have devoted a great deal of effort to evaluating the sources of productivity growth between and within countries over time. (springer.com)
  • More concretely, we evaluate if the national system of entrepreneurship is conducive to productivity growth by enabling and enhancing different types of entrepreneurship which we link to different sources of productivity growth. (springer.com)
  • The researcher interprets these empirical results by developing a theory of lifetime skill accumulation in a frictional labor market. (nber.org)
  • This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. (ssrn.com)
  • This unified theory encompasses the observed evolution of population, technology and income per capita in the long transition from an epoch of Malthusian stagnation to sustained economic growth. (ssrn.com)
  • The theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection that shaped the evolution of the human species, whereas the evolution of the human species was the origin of the take-off from an epoch of stagnation to sustained growth. (ssrn.com)
  • Indeed, it has a long tradition in economic theory. (europa.eu)
  • Journal of Economic Theory 136, 788-797. (uni-muenchen.de)
  • Journal of Economic Theory 132, 306-334. (uni-muenchen.de)
  • Quality ladders in the theory of growth. (uni-muenchen.de)
  • Accounting for trends in productivity and R&D: A Schumpeterian critique of semi-endogenous growth theory. (uni-muenchen.de)
  • Growth per capita has averaged less than 1 percent per year over 2000-2019. (worldbank.org)
  • We use predicted variation in the rate of population aging across U.S. states over the period 1980-2010 to estimate the economic impact of aging on state output per capita. (repec.org)
  • This paper answers the following two questions: 1) In the data, can we find a dilution effect of population growth also on per-capita human capital investment? (repec.org)
  • In the second part of the paper we use these results in order to build a multi-sector growth model which is capable of accounting (depending on the strength of the found dilution effect of population growth on per-capita human capital formation) for the non-monotonous correlation between demographic and economic growth rates in the long-run. (repec.org)
  • Solow proposed the model while considers the rate of saving and population growth as exogenous and demonstrated that the countries reach the steady state level of income per capita. (bartleby.com)
  • The authors advocate the conditional convergence hypothesis, where per capita incomes of countries which have similar economic conditions converge to one another in the long-run independently of their initial condition. (bartleby.com)
  • If economic growth is defined as rising per capita income, these economies are not growing. (bartleby.com)
  • Countries where businesses, governments and other institutions have engendered more trust experience stronger per capita real GDP growth, a standard measure of economic prosperity. (deloitte.com)
  • For example, one meta-analysis of the economic literature shows that a 10-percentage point increase in the share of trusting people within a country should raise annual per capita real GDP growth by about 0.5 percentage point. (deloitte.com)
  • That is a substantial gain given that annual global per capita real GDP growth averaged about 2.2% between 2015 and 2019. (deloitte.com)
  • 4 For a country such as Brazil, raising trust to attainable levels seen in other countries would ensure that its per capita real GDP growth rate was at least that of the global average, adding more than US$40 billion to its 2019 output (figure 1). (deloitte.com)
  • From a supply-side perspective, there are just two ways to raise per capita GDP growth-increase business investment or raise productivity-and trust affects both (figure 2). (deloitte.com)
  • Per capita real GDP is a standard measure of economic prosperity for a country. (deloitte.com)
  • The course deals with theoretical and empirical insights into long-run economic growth, i.e. the causes of the growth opf real GDP per capita over a long time horizon. (lu.se)
  • Effects of Human Capital and International Trade on Total Factor Productivity and Economic Growth 10. (e-elgar.com)
  • Total factor productivity may increase in the long run, but surely most of the increase in total output is achieved with a massive growth of work effort by the agricultural population. (eh.net)
  • He finds that differences in labor market fluidity account for half of the faster wage growth experienced by high fluidity economies. (nber.org)
  • Most of the studies conducted to examine the growth performance of many developing economies are based on the traditional neoclassical growth frameworks. (e-elgar.com)
  • The refoundation of the symmetric equilibrium in Schumpeterian growth models. (uni-muenchen.de)
  • Schumpeterian growth without scale effects. (uni-muenchen.de)
  • Economic growth, skill-biased technical change and wage inequality: A model and estimations for the US and Europe. (uni-muenchen.de)
  • The accumulation of human capital - the knowledge and skill of workers - has featured prominently in American economic leadership over the past two centuries. (nber.org)
  • In this research brief, we describe how Africa's abundance of natural resources attracted disruptive and predatory foreign forces that have hindered innovation-based growth and economic diversification by delaying the accumulation of sufficient stocks of human capital. (ciaonet.org)
  • To analyze how innovation activities change over time, the dynamic indices based on the geometric mean of the growth rate of the relative indicators were used. (businessperspectives.org)
  • The volume provides important new insights on the forces that affect the accumulation of human capital. (nber.org)
  • The relationship between trade openness and economic growth: Some new insights on the openness measurement issue. (economicsrs.com)
  • The Kyrgyz Republic has experienced modest and volatile economic expansion since the economy bottomed out from the transition recession in 1995, when GDP amounted to about half of its pre-independence levels. (worldbank.org)
  • Against the background of inconclusive evidence about the inequality-growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. (uni-muenchen.de)
  • This column exploits US data to argue that inequality affects negatively the future income growth of the poor and positively that of the rich. (cepr.org)
  • In two separate applications, one to the EU member countries and one to the American states, they find that inequality of opportunity is negatively correlated with growth while the residual ("good inequality") tends to help growth. (cepr.org)
  • Crucially, the increase in time devoted to human capital accumulation raises women's bargaining power, which translates into a stronger family preference for girls' education and children's health, an increase in the average share of family income spent on children, and a weaker preference for current consumption. (omfif.org)
  • Economic Growth and Income Inequality. (uni-muenchen.de)
  • Kaldor (1956), for example, considers income inequality as necessary for the provision of savings (the rich save more than the poor), and thus key for capital accumulation and economic growth. (cepr.org)
  • W. Schultz Theodore (1963) indicates that the human capital is a significant source of the economic growth in the book, Economic Value of Education. (scirp.org)
  • It employs a blend of historical, neoclassical, Kaldorian, and endogenous growth frameworks to shed further light on the growth process. (e-elgar.com)
  • Romer and another economist Robert Lucas wrote papers defending models of growth that differ from the neoclassical model , which failed to properly explain convergence. (bartleby.com)
  • The course starts with the neoclassical growth model that focuses on savings, investment and capital accumulation. (lu.se)
  • We expand the model presented by Galor and Zeira (1993) to represent the fact that the economy benefits from endogenous technological progress and that the government provides financial aid to reduce the financial hurdles for human capital accumulation. (uni-muenchen.de)
  • Technological Progress and Long-run Economic Growth 3. (e-elgar.com)
  • Endogenous Growth: The Evolution of Technological Progress 4. (e-elgar.com)
  • Studies have shown that the effects of human capital that received higher education, on individual performance, total productivity, technological progress, economic growth, and international trade, are significantly greater than the human capital which received secondary education and basic education [ 14 - 18 ]. (hindawi.com)
  • Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical evidence about the magnitude of its effects. (repec.org)
  • The resulting hypoalbuminemia contributes to extravascular fluid accumulation. (medscape.com)
  • Economic expansion has benefitted from fixed investment that has risen to 31 percent of GDP, one of the highest in Europe and Central Asia and well-above the threshold of 25 percent reached by the group of successful countries studied by the Growth Commission in 2007. (worldbank.org)
  • African governments are establishing special economic zones (SEZ) and developing flexible policies to attract investment. (economist.com.na)
  • Human capital accumulation is deterministic, but investment in physical capital is subject to the idiosyncratic risk. (go.jp)
  • Without investment and growth, the economy cannot produce good jobs, supply resources for cleaning up the environment, or provide young and old with the economic security they need and deserve. (motherjones.com)
  • The differences among education investment, health investment, and family economic income invariably tend to raise up the differences of human capital stock directly [ 12 , 13 ], while the differences of human capital will lead to the differences of their effects. (hindawi.com)
  • These works argue that high inequality prompts a relatively poor median voter to vote for high tax rates, which in turn reduce incentives for investment and cause low growth. (cepr.org)
  • We investigate the implications of government indebtedness for the efficacy of expansionary government spending in encouraging commercial bank lending growth during the COVID-19 pandemic. (frbsf.org)
  • In turn, this requires understanding and analyzing the characteristics of the middle class, the factors contributing to its growth, and the various implications-positive and negative-of its rise. (riazhaq.com)
  • What are the economic implications of unequal access to basic education? (grin.com)
  • I will speak today about "European financial integration and the financial system" and the implications of financial integration for economic growth. (europa.eu)
  • Implications for growth. (uni-muenchen.de)
  • The Role of Manufacturing in Economic Growth: A Kaldorian Perspective 8. (e-elgar.com)
  • Section 1.2 puts recent growth into historical and comparative perspective. (worldbank.org)
  • Guinea-Bissau's massive economic potential has not so far translated into better livelihoods for its population. (worldbank.org)
  • Our results imply annual GDP growth will slow by 1.2 percentage points this decade and 0.6 percentage points next decade due to population aging. (repec.org)
  • If yes, 2) how can we use this fact to explain theoretically the existence of a differential impact of population change on economic growth across countries? (repec.org)
  • The Solow model predicts the effect of saving and population growth on economic growth qualitatively but not quantitatively .The authors have augmented the Solow model with accumulation of Human capital as well as physical capital. (bartleby.com)
  • If the capital stock is accumulating, population is rising at a rate equally fast i.e. thus the amount of capital equipment per worker is not increasing. (bartleby.com)
  • The growing working-age population presents an enormous opportunity to super-charge economic growth and lead to greater prosperity for billions of people on the continent. (worldbank.org)
  • If the people are healthy, educated, and skilled, this projected working-age population can be the long-awaited big push to accelerate the region's economic growth. (worldbank.org)
  • The report argues that "Asia's large population and the rapid expansion of its middle class during a period of global economic rebalancing is fundamentally important as a driver not only of the Asian economy but also the global economy. (riazhaq.com)
  • Usually, it is labeled as "anti-Malthusian" and encapsulated with a sentence such as "population growth causes agricultural growth. (eh.net)
  • Thus the rest of the book explores the consequences of intensification - i.e. of the move from one stage to another caused by population growth. (eh.net)
  • How does patent policy affect long-run economic growth through the population growth rate? (uni-muenchen.de)
  • In recent vintages of R&D-based growth models in which scale effects are absent, the long-run growth rate depends on the population growth rate that is assumed to be exogenous. (uni-muenchen.de)
  • Food is a basic human need and plays a crucial role in the agro-based economy of Bangladesh, where a large proportion of the income of the population is allocated to food. (who.int)
  • Population and economic change in developing countries / edited by Richard A. Easterlin. (who.int)
  • In Labor Market Fluidity and Human Capital Accumulation (NBER Working Paper 29698 ), Niklas Engbom finds that greater labor market fluidity - more frequent job changes per worker - is associated with greater human capital accumulation as workers acquire new skills. (nber.org)
  • Our measure of worker quality relies on economic models of human capital. (chicagofed.org)
  • Applying these value estimates to the changing distributions of human capital indicators yields estimates of the growth in average worker quality. (chicagofed.org)
  • This difference is known as worker quality growth. (chicagofed.org)
  • We begin by documenting some of the broad trends in human capital accumulation that underlie estimates of worker quality growth. (chicagofed.org)
  • Stabilization Policy, Learning by Doing, and Economic Growth ," CEPR Discussion Papers 1130, C.E.P.R. Discussion Papers. (repec.org)
  • All these variables are crucial for achieving higher economic growth. (economicsrs.com)
  • A lot of presidents before you ducked that reality, buying short-term prosperity and popularity at the expense of the nation's long-term economic health. (motherjones.com)
  • A bit more trust could make a big difference in achieving greater overall economic prosperity. (deloitte.com)
  • Using trust among individuals as a proxy for the level of trust built within a country, macroeconomists have shown that as trust improves, economic prosperity grows. (deloitte.com)
  • Although Europe has brought the ultimate gift of political stability and peace to the people of Europe, Europeans are craving for economic prosperity. (europa.eu)
  • Economic growth and prosperity were among the goals of the founding fathers from the inception of the European Union. (europa.eu)
  • Why has economic prosperity still not reached its full potential? (europa.eu)
  • I will argue today that the insufficient degree of integration of some parts of the European financial system is one reason why growth and prosperity are lagging behind. (europa.eu)
  • While the city-state pursues economic expansion marked by security, stability, and prosperity, these social benefits are mostly enjoyed by Singaporean citizens, and not equally distributed among its permanent and transit populations. (e-flux.com)
  • Years of underinvestment in infrastructure, energy, and human capital are holding the country back from achieving strong, enduring and inclusive growth. (worldbank.org)
  • But as a favorable domestic and international environment changes, future growth must be productivity-driven-obtaining more and higher quality output from firms, infrastructure, workers and natural resources. (worldbank.org)
  • Most of the additional wage growth in high fluidity countries occurs while workers are employed at continuing jobs, not when they move from one job to another. (nber.org)
  • About one-third of the disparity across countries is due to workers climbing job ladders more slowly in less fluid labor markets, and another third is due to slower accumulation of skills. (nber.org)
  • In doing so, it addresses a number of important factors and issues associated with economic growth, and aims to answer to one of the hardest and most fundamental questions - how do we get poor developing countries on the path to sustained growth? (e-elgar.com)
  • In recent years, African countries have witnessed steady economic growth owing to their vibrant manufacturing sectors. (economist.com.na)
  • The authors propose that convergence cannot be expected in the Solow growth model because different countries reach different steady rates. (bartleby.com)
  • What does the AK growth model lead you to expect about the relative growth of rich and poor countries? (bartleby.com)
  • This paper presents a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 and 2006. (repec.org)
  • Immigration and economic growth in the OECD countries 1986-2006: A panel data analysis ," Documents de travail du Centre d'Economie de la Sorbonne 13013, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne. (repec.org)
  • Before the current global recession, many resource-rich African countries were recording unprecedented levels of growth due to a raw material price boom. (ciaonet.org)
  • However, the collapse in raw material prices and the ensuing severe economic difficulties have again exposed the vulnerability of these countries' natural resource export-focussed economic structures. (ciaonet.org)
  • It has proven harder to reproduce the negative relationship between inequality of opportunity and growth using cross-country data (Ferreira et al 2014), either because the relationship does not hold true in all countries, or because the data are not strictly comparable across countries. (cepr.org)
  • The importance of trade openness and human capital for the economic growth of countries is the subject of many studies today. (economicsrs.com)
  • The purpose of this paper is to examine the relationship between trade openness and human capital as explanatory variables and GDP as a dependent variable in a sample of eight Balkan countries. (economicsrs.com)
  • Economic growth in the Central East European Union and the Western Balkan countries in the course of Stability and Growth Pact and COVID-19. (economicsrs.com)
  • Does Trade Openness Matter for Economic Growth in the CEE Countries? (economicsrs.com)
  • The aim is to improve the knowledge and understanding of why some countries exhibit higher growth rates than others and of why som counties are rich and other countries are poor. (lu.se)
  • In addition, the course discusses why similar countries may exhibit different growth rates and the reasons for countried exhibiting exceptionally high growth rates during certain periods of time. (lu.se)
  • Nordic and Andean countries started their economic modernisation in the same way: with export of raw natural resources. (lu.se)
  • The "resource curse": countries with an abundance of natural resources having less economic growth and less democracy than countries with fewer natural resources. (lu.se)
  • The book explores the reasons for the diverging paths taken by these two groups of countries and examined the consequences for welfare and economic stability. (lu.se)
  • In this framework, we identify a positive impact of the human capital brought by migrants on economic growth. (repec.org)
  • Industrialisation is considered the engine of economic growth, leading to the accumulation of physical and human capital. (economist.com.na)
  • In this paper, we study the continuous time Uzawa-Lucas growth model with physical and human capital accumulation, and study the relationship between economic growth and wealth inequality. (go.jp)
  • An acute shortage of a skilled workforce is a major constraint to inclusive growth. (worldbank.org)
  • The framework incorporates both endogenous accumulation of human capital on the job and elements of a job ladder with workers moving from job to job in search of the ideal fit for their skills. (nber.org)
  • The general human capital contains social average knowledge stock and the ability of analysis, computing ability, learning ability, and adaptability, and the corresponding social role is the division of ordinary workers. (hindawi.com)
  • To boost labour productivity and regain economic performance, there is an empirical consensus on the role of structural reforms that allows an efficient reallocation of resources such as labour by reducing rigidities in markets. (ciaonet.org)
  • The Nexus Between Trade Openness and GDP Growth: Analyzing the Role of Human Capital Accumulation. (economicsrs.com)
  • Governments, for instance, have committed to providing South African Small and Medium Enterprises (SMEs), manufacturing entrepreneurs and businesspersons demonstrating potential to contribute to social upliftment, job creation and economic growth, with varying financial support options. (economist.com.na)
  • A third indicator of economic growth is a change in the social norms of the country. (bartleby.com)
  • It also is of importance to officials charged with planning the future of programs such as Social Security, whose projected financial condition is highly sensitive to assumptions about long-term economic growth. (chicagofed.org)
  • Over the last two decades, Pakistan has continued to offer much greater upward economic and social mobility to its citizens than neighboring India. (riazhaq.com)
  • The ADB report discusses in some detail the impact of Asia's rising middle class on a whole range of social, political and economic developments in the world. (riazhaq.com)
  • The rise of its middle class is likely to aid not only the growth process, but also result in substantial social, political, and environmental changes. (riazhaq.com)
  • The rationale is that inequality of opportunity may harm economic growth because it favours human capital accumulation by individuals with better social origins, rather than by those with more talent. (cepr.org)
  • Impact of Exports on Economic Growth in Bosnia and Herzegovina. (economicsrs.com)
  • after all, during noncrisis periods, real exchange devaluation is seen as an important policy option for promoting exports and output growth. (fedinprint.org)
  • He benchmarks the life cycle model using data from the United States, a high fluidity nation where wage growth and mobility both decline as workers age. (nber.org)
  • Human Capital, Heterogeneity and Estimated Degrees of Intergenerational Mobility. (uni-muenchen.de)
  • Bradbury and Triest (2016), using measures of absolute and relative inter-generational mobility as proxies for equality of opportunity, find that mobility has a positive effect on future economic growth. (cepr.org)
  • First, the implementation of the idea of financial integration was limited to the elimination of capital mobility restrictions. (europa.eu)
  • The World Bank's Vibrant Vietnam report discusses priorities for an upgraded growth model based on extensive consultations, international experience and academic findings. (worldbank.org)
  • We develop a model in which firms with idiosyncratic productivity can borrow from two types of banks-local or national-to finance working capital. (frbsf.org)
  • The authors have studied the Solow Model of economic growth, which assumes the neoclassic production function of decreasing returns to capital. (bartleby.com)
  • This is undoubtedly an implication of her model and comes in handy to scholars who do not believe that the (human) carrying capacity of a given area is set, and cannot be exceeded. (eh.net)
  • A model of growth through creative destruction. (uni-muenchen.de)
  • Humans generally acquire the disease directly or indirectly from infected animals, or through occupational exposure to infected or contaminated animal products. (who.int)
  • For instance, Clément Juglar - the French economist who was among the first to investigate the nature of business cycles - argued back in 1860 that economic fluctuations originate in the credit system. (europa.eu)