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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
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, and experimental work. All studies deal with the innovation effects of public procurement, that is, the purchase by … governments of goods and services. The idea that public procurement can stimulate innovation originates from the seminal work of … Joseph Schumpeter and Jacob Schmookler, which suggests that innovation is sensible to general demand conditions. However …
Persistent link: https://www.econbiz.de/10011148811
Humankapital gilt gemeinhin als eine wesentliche Determinante von Wachstum und Entwicklung. Der empirischen Forschung …
Persistent link: https://www.econbiz.de/10008562155
In this paper, we perform a Tobit analysis of aid allocations, covering the period 1999-2002 and accounting for both altruistic and selfish donor motives. We first compare the allocative behavior of all bilateral donors taken together with that of multilateral aid agencies, and then look at nine...
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effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational …
Persistent link: https://www.econbiz.de/10008520206
We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...
Persistent link: https://www.econbiz.de/10008520285
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