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On The Optimality of Risk-Sharing in Growth Models: The Role of Education

Femminis, Gianluca - C.E.P.R. Discussion Papers - 1999

numerical techniques, a model based on human capital accumulation through education, and we find that the increase in … precautionary savings makes labour more productive in the goods sector and draws resources from education, which is the "growth …

Persistent link: https://www.econbiz.de/10005789025

Learning for Employment, Innovating for Growth

Falkinger, Josef; Zweimüller, Josef - C.E.P.R. Discussion Papers - 1998

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … study the impact of changes in the education of workers and the incentives to innovate. Lower profits imply lower growth … redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or …

Persistent link: https://www.econbiz.de/10005114510

Business Cycles and Long-run Growth

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1997

This survey discusses the effect of macroeconomic fluctuations on long-run growth from both a theoretical and empirical perspective. It emphasizes the ‘opportunity cost’ approach, which states that firms will intertemporally substitute productivity-enhancing activities for regular production...

Persistent link: https://www.econbiz.de/10005791240

Economic growth and the design of search engines

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

The Internet plays a growing role in the economy. This paper extrapolates this trend and analyses a world where most transactions take place in "cyberspace". We ask the following question: how does the design of the search engine affect the incentives to innovate and the economy’s long run...

Persistent link: https://www.econbiz.de/10005666414

Quality Improvements in Models of Growth

Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994

Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...

Persistent link: https://www.econbiz.de/10005067489