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The dynamics of structural change under risk influence
Petrakis, Panayiotis; Kotsios, Stylianos - In: Economics Bulletin 15 (2005) 7, pp. 1-8
The paper is concerned with structural change in the growth process and the role of uncertainty. Uncertainty is conceived as the means of removing the obstacles of growth through the activation of knightian entrepreneurship. A dynamic stochastic model of continuous-time growth is proposed. The...
Persistent link: https://www.econbiz.de/10010630018
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The Emergence of Agriculture: Trickle-Down Growth and Climate Change
Teraji, Shinji - In: Economics Bulletin 32 (2012) 1, pp. 913-922
This paper analyzes a model of the transition to agriculture by allowing heterogeneous agents to make the decision on whether to engage in farming or foraging. The threshold level, which divides foragers from farmers, depends on both agricultural productivity and foraging efficiency. As...
Persistent link: https://www.econbiz.de/10011278567
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Structural change and economic growth: a calibration exercise for Turkey
Alper, C. Emre; Ardic, Oya Pinar; Hatipoglu, Ozan - In: Economics Bulletin 30 (2010) 2, pp. 983-995
Using data for the years 1972-2006, we calibrate the dynamic general equilibrium model of structural change by Kongsamut et al. (2001) to Turkey. We then predict the shares of output and employment for the agricultural, manufacturing, and services sectors along the balanced growth path for...
Persistent link: https://www.econbiz.de/10008478896
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On the Welfare Properties of the Lucas and Romer Endogenous Growth Models
Sequeira, Tiago Neves; Ferreira-Lopes, Alexandra - In: Economics Bulletin 30 (2010) 3, pp. 2143-2150
We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a...
Persistent link: https://www.econbiz.de/10008490316
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Does democracy foster or hinder growth? Extreme-type political regimes in a large panel
Jalles, Joao Tovar - In: Economics Bulletin 30 (2010) 2, pp. 1359-1372
Using a panel dataset of 86 countries from 1960-2005, this paper empirically assesses the effect of several democracy proxies (by means of the Polity IV database), together with a set of control variables, such as human capital and the initial level of GDP per capita, on the rate of economic...
Persistent link: https://www.econbiz.de/10008577391
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Jamaica and the Nanotechnology Approach to Economic Development.
Jones, Peter W - In: Economics Bulletin 28 (2006) 7, pp. 0-0
the active participation of small and medium-sized enterprises (SMEs), which are seen to be a major source of innovation …
Persistent link: https://www.econbiz.de/10008468876
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The dynamics of structural change under risk influence
Petrakis, Panayiotis; Kotsios, Stylianos - In: Economics Bulletin 15 (2005) 7, pp. 1-8
The paper is concerned with structural change in the growth process and the role of uncertainty. Uncertainty is conceived as the means of removing the obstacles of growth through the activation of knightian entrepreneurship. A dynamic stochastic model of continuous-time growth is proposed. The...
Persistent link: https://www.econbiz.de/10005416960
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Jamaica and the Nanotechnology Approach to Economic Development.
Jones, Peter W - In: Economics Bulletin 28 (2006) 7, pp. 0-0
the active participation of small and medium-sized enterprises (SMEs), which are seen to be a major source of innovation …
Persistent link: https://www.econbiz.de/10010836061
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Innovation, Growth and Convergence in the Euro-Mediterranean Area: Implications for MENA Countries
Péridy, Nicolas - In: Economics Bulletin 30 (2010) 4, pp. 2978-2986
This paper focuses on the innovation gap between countries in the Euro-Mediterranean (Euromed) area and its … implications in terms of growth and convergence. Using a large set of innovation variables, we estimate a growth model à la Barro … which shows that differences in innovation between countries explain differences in growth of per capita GDP within this …
Persistent link: https://www.econbiz.de/10008692046
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Innovativeness of Exporting firms in a Developing Country: The Case of Tunisia
Rahmouni, Mohieddine - In: Economics Bulletin 33 (2013) 2, pp. 914-930
article is dedicated to this question through the analysis of the first innovation survey of Tunisian firms. In particular, it … Probit models) and non-parametrical regression trees on the results of the first community innovation survey in Tunisia. We … find that the innovation behavior of the three categories of firms is strongly contrasted. Our results show firms that …
Persistent link: https://www.econbiz.de/10010633885