The Augmented Solow Model with Mincerian Schooling and Externalities
نویسندگان
چکیده
منابع مشابه
The History Augmented Solow Model
Unified growth theory predicts that the timing of the fertility transition is a key determinant of contemporary comparative development, as it marks the onset of the take-off to sustained growth. Neoclassical growth theory presupposes a take-off, and explains comparative development by variations in (subsequent) investment rates. The present analysis integrates these two perspectives empiricall...
متن کاملIndustrialization and environmental externalities in a Solow-type model
In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in the presence of the environmental pressure of the economic activity of the industrial sector, the stabi...
متن کاملThe Green Solow model
We argue that a key empirical finding in environmental economics—the Environmental Kuznets Curve (EKC)—and the core model of modern macroeconomics—the Solow model—are intimately related. Once we amend the Solow model to incorporate technological progress in abatement, the EKC is a necessary by product of convergence to a sustainable growth path. We explain why current methods for estimating an ...
متن کاملEndogenous Mincerian Returns: Explaining Cross-Country Variation in the Returns to Schooling
This paper calibrates a model in which both schooling levels and returns to schooling are endogenous and examines the extent to which cross-country variation in Mincerian returns can be explained by technology and supply factors (i.e., variation in life expectancy, retirement ages, fertility, implied discount rates, and government funding of education in a cross-section of fifty-nine countries)...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: German Economic Review
سال: 2009
ISSN: 1468-0475,1465-6485
DOI: 10.1111/j.1468-0475.2009.00490.x