Externalities In A Model Of Perpetual Youth With Age Dependent Productivity PDF Download
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| Author | : Ronald Wendner |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Download Externalities in a Model of Perpetual Youth with Age-Dependent Productivity Book in PDF, ePub and Kindle
This paper investigates the effects of ("keeping up with the Joneses" and "learning-by-investing") externalities, when labor productivity decreases with age. Within the framework of a continuous time overlapping generations model, the effects of the consumption externality on the propensity to consume, capital level and individual consumption growth rates are ambiguous and depend on the presence (absence) and sign of the "generation replacement effect" (GRE). The sign of the GRE is determined by the rate at which labor productivity declines. Both externalities generate distortions - even with exogenous labor supply. Depending on the sign of the GRE, in case of a production externality, the consumption externality may raise efficiency by introducing an additional distortion. For a specific rate of labor productivity decline the GRE vanishes. In this case, externalities display the same effects in both a representative agent and the overlapping generations model.
| Author | : Giuseppe Bertola |
| Publisher | : Princeton University Press |
| Total Pages | : 440 |
| Release | : 2014-09-28 |
| Genre | : Business & Economics |
| ISBN | : 1400865093 |
Download Income Distribution in Macroeconomic Models Book in PDF, ePub and Kindle
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
| Author | : Mary Amiti |
| Publisher | : INTERNATIONAL MONETARY FUND |
| Total Pages | : 0 |
| Release | : 2005-12-01 |
| Genre | : Business & Economics |
| ISBN | : 9781451862577 |
Download Service Offshoring, Productivity, and Employment Book in PDF, ePub and Kindle
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller accounting for approximately 5 percent of productivity growth. There is a small negative effect of less than half a percent on employment when industries are finely disaggregated (450 manufacturing industries). However, this affect disappears at more aggregate industry level of 96 industries indicating that there is sufficient growth in demand in other industries within these broadly defined classifications to offset any negative effects.
| Author | : Daron Acemoglu |
| Publisher | : Princeton University Press |
| Total Pages | : 1009 |
| Release | : 2008-12-15 |
| Genre | : Business & Economics |
| ISBN | : 1400835771 |
Download Introduction to Modern Economic Growth Book in PDF, ePub and Kindle
Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]
| Author | : Nancy L. Stokey |
| Publisher | : Harvard University Press |
| Total Pages | : 607 |
| Release | : 1989-10-10 |
| Genre | : Business & Economics |
| ISBN | : 0674735188 |
Download Recursive Methods in Economic Dynamics Book in PDF, ePub and Kindle
This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
| Author | : United Nations. Economic Commission for Europe. Task Force on Measuring Human Capital |
| Publisher | : |
| Total Pages | : 160 |
| Release | : 2016 |
| Genre | : Business & Economics |
| ISBN | : |
Download Guide on Measuring Human Capital Book in PDF, ePub and Kindle
This Guide on Measuring Human Capital discusses conceptual, methodological and implementation issues and challenges.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 511 |
| Release | : 2019-11-19 |
| Genre | : Business & Economics |
| ISBN | : 1464814953 |
Download World Development Report 2020 Book in PDF, ePub and Kindle
Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
| Author | : Klaus Schwab |
| Publisher | : Currency |
| Total Pages | : 192 |
| Release | : 2017-01-03 |
| Genre | : Business & Economics |
| ISBN | : 1524758876 |
Download The Fourth Industrial Revolution Book in PDF, ePub and Kindle
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
| Author | : Richard G. Wilkinson |
| Publisher | : Taylor & Francis |
| Total Pages | : 238 |
| Release | : 2022-05-24 |
| Genre | : Social Science |
| ISBN | : 1000578607 |
Download Class and Health Book in PDF, ePub and Kindle
Originally published in 1986, this book discusses issues such as social class differences in health; the effect of unemployment on health; the relationship between income and health; how much of the class differences in death rates can be explained in terms of medically recognized factors. Presenting empirical research to resolve these issues, the book takes health to the centre of the political stage and raises fundamental issues about the direction of modern economic and social development and its impact on inequality. As relevant now as when it was first published the book reviews twenty of the most important longitudinal studies in the area of health and class that had been carried out in the UK at the time.
| Author | : Alon Brav |
| Publisher | : Now Publishers Inc |
| Total Pages | : 76 |
| Release | : 2010 |
| Genre | : Business & Economics |
| ISBN | : 1601983387 |
Download Hedge Fund Activism Book in PDF, ePub and Kindle
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
