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Endogeneous Growth When Unskilled Labour Is Abundant
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Book Synopsis Endogenous Growth When Unskilled Labour is Abundant by : Peter E. Robertson
Download or read book Endogenous Growth When Unskilled Labour is Abundant written by Peter E. Robertson and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how relative factor endowments and population growth rates affect growth rates in less developed countries. To answer these questions an extension of the Uzawa-Lucas endogenous growth model is used. The paper proves the existence and uniqueness and of the modified model and illustrates the local stability properties. Significantly the results reverse the conclusions of the only previous attempt to address these issues in the UzawaLucas framework, by Mulligan and Sala-i-Martin (1993), and Barro and Sala-i-Martin (1995). They argue that developing economies will follow a low growth transition path due to a scarcity of human capital. It is shown to the contrary that a standard convergence result applies for economies that have a scarcity of human and physical capital relative to labour. It is also shown that higher unanticipated population growth is consistent with slow transitional growth rates and increases the human capital resources devoted to human capital investments.
Book Synopsis Endogenous Growth When Unskilled Labour Is Abundant by : Peter E. Robertson
Download or read book Endogenous Growth When Unskilled Labour Is Abundant written by Peter E. Robertson and published by . This book was released on 1997 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogeneous Growth when Unskilled Labour is Abundant by : Peter E. Robertson
Download or read book Endogeneous Growth when Unskilled Labour is Abundant written by Peter E. Robertson and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technology and the Decline in Demand for Unskilled Labour by : Mark Sanders
Download or read book Technology and the Decline in Demand for Unskilled Labour written by Mark Sanders and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The position of low skilled workers in the labor market has deteriorated significantly over the past three decades. What has caused this deterioration in low skilled labor demand and what can explain the different labor market responses throughout the OECD? Mark Sanders addresses these questions and evaluates proposed policies to improve upon the present situation and prevent further deterioration in the future. The author develops a theoretical framework that produces two hypotheses to explain the shift in relative demand as well as the different ways in which this shift has manifested itself. The framework is then extended by introducing unemployment, and additional hypotheses are proposed to explain the main EU-US differences. The dynamics thus uncovered yield somewhat unorthodox policy implications on income-, labor market and technology policies in Europe and the US. This comprehensive book will appeal to both scholars and academics, while graduate and PhD-students looking for an accessible introduction to modeling the dynamics of technical change and its interactions with the labor market will find it of great interest.
Book Synopsis Resource Abundance and Economic Development by : R. M. Auty
Download or read book Resource Abundance and Economic Development written by R. M. Auty and published by Oxford University Press. This book was released on 2001-06-28 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.
Book Synopsis The Composition of Growth Matters for Poverty Alleviation by : Norman Loayza
Download or read book The Composition of Growth Matters for Poverty Alleviation written by Norman Loayza and published by World Bank Publications. This book was released on 2006 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contributes to explain the cross-country heterogeneity of the poverty response to changes in economic growth. It does so by focusing on the structure of output growth. The paper presents a two-sector theoretical model that clarifies the mechanism through which the sectoral composition of growth and associated labor intensity can affect workers' wages and, thus, poverty alleviation. Then in presents cross-country empirical evidence that analyzes first, the differential poverty-reducing impact of sectoral growth at various levels of disaggregation, and the role of unskilled labor intensity in such differential impact. The paper finds evidence that not only the size of economic growth but also its composition matters for poverty alleviation, with the largest contributuons from labor-intensive sectors (such as agriculture, construction, and manufacturing). The results are robust to the influence of outliers, alternative explanations, and various poverty measures.
Book Synopsis Endogenous Growth Theory by : Philippe Aghion
Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Book Synopsis On Measuring Growth and Inequality Components of Changes in Poverty with Application to Thailand by : Nanak Kakwani
Download or read book On Measuring Growth and Inequality Components of Changes in Poverty with Application to Thailand written by Nanak Kakwani and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Modern Guide to Keynesian Macroeconomics and Economic Policies by : Eckhard Hein
Download or read book A Modern Guide to Keynesian Macroeconomics and Economic Policies written by Eckhard Hein and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.
Book Synopsis Transitional Growth Paths in Developing Economies by : Peter E. Robertson
Download or read book Transitional Growth Paths in Developing Economies written by Peter E. Robertson and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Monopolistic Competition Revolution in Retrospect by : Steven Brakman
Download or read book The Monopolistic Competition Revolution in Retrospect written by Steven Brakman and published by Cambridge University Press. This book was released on 2001-01-05 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1977 Dixit and Stiglitz revolutionized the modeling of imperfectly competitive markets, launching the second monopolistic competition revolution. This 2003 text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.
Book Synopsis An Iterative Approach to Variable Selection Based on the Kullback-Leibler Information by : Anthony William Hughes
Download or read book An Iterative Approach to Variable Selection Based on the Kullback-Leibler Information written by Anthony William Hughes and published by . This book was released on 1997 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Entrepreneurship, Innovation, and Economic Development by : Adam Szirmai
Download or read book Entrepreneurship, Innovation, and Economic Development written by Adam Szirmai and published by Oxford University Press. This book was released on 2011-04-28 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three sets of questions are addressed.
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Economic Theory of Spatial Costs of Living Indices with Application to Thailand by : Nanak Kakwani
Download or read book Economic Theory of Spatial Costs of Living Indices with Application to Thailand written by Nanak Kakwani and published by . This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries by : Mr.Alberto Behar
Download or read book The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2013-02-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is skill-biased because skill-biased technologies are becoming relatively cheaper. Increased skill supply further biases technical change in favor of skilled labor. Free trade induces technology that favors skilled workers in skill-abundant developing countries and that favors unskilled workers in skill-scarce developing countries, and therefore amplifies the predicted wage effects of trade liberalization. These features aid our understanding of the observed rises in inequality within developing countries and the absence of a significant downward effect of expanded educational attainment on skill premia. They also help account for the large and differential effects of trade liberalization on inequality. These findings are pertinent for the Middle East and North Africa because of its recent increase in trade openness and remarkable rise in educational attainment.
Book Synopsis The Kaldor Legacy by : Geoffrey Colin Harcourt
Download or read book The Kaldor Legacy written by Geoffrey Colin Harcourt and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
