Economic Growth

Barro, Robert J.; Grilli, Vittorio

doi:10.1007/978-1-349-27904-3_14

Cited by 450 publications

(612 citation statements)

References 0 publications

Supporting

Mentioning

550

Contrasting

Unclassified

Order By: Relevance

“…In the short-run, capital intensity is decreased as additions to the workforce are from lower skilled workers, but over time businesses expand their capital as they increase production. These conclusions are consistent with those made in earlier work by Barro and Sala-i-Martin (1995) and Chiswick et al (1992), linking higher levels of immigration to capital deepening and higher per capita consumption.…”

Section: Introductionsupporting

confidence: 92%

“…Through the last century and into this one, immigration policy has been subjected to changing economic needs, fears, and political whims. Positive contributions of immigration have been identified by Neal and Uselding (1972) who estimate that the flow of immigrants into the United States between 1790 and 1912 resulted in a 13 to 42 percent higher level of capital stock than would have prevailed in the absence of immigration during these years (also see Barro andSala-i-Martin 1995 andChiswick et al 1992). Immigration has also been more recently explored in various countries as a mechanism for replacing retiring baby-boom workers (e.g., Hamada and Kato 2007, Hotchkiss 2005, Denton and Spencer 1997.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The Wage Impact of Undocumented Workers

2012

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in www.econstor.euThe paper has benefited from comments and suggestions from George Borjas, J. David Brown, Curtis Florence, Jerry Gonzalez, Gordon Hanson, Robert E. Moore, Pia Orrenius, Giovanni Peri, Debra Sabia, Eric Seiber, Chad Sparber, Madeline Zavodny, and seminar participants at the Departments of Economics at the Georgia Institute of Technology, the University of Kentucky, the University of Georgia Department of Public Administration and Policy, Claremont-McKenna College, and the University of California-Riverside. The research assistance of Gustavo Canavire, M. Laurel Graefe, Gustavo Uceda, and Eric Wang is much appreciated. The views expressed here are the authors' and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the authors' responsibility. Abstract: Using administrative, individual-level, longitudinal data from the state of Georgia, this paper finds that a documented worker employed by a firm that hires undocumented workers can expect to earn 0.15 percent less than if employed by a firm that does not hire undocumented workers. However, in sectors where there are opportunities for task specialization and benefits from communication skills, documented workers can expect to earn a wage premium of less than 1 percent from being employed at a firm that also hires undocumented workers.JEL classification: J30, J15

show abstract

Section: Introductionsupporting

confidence: 92%

Section: Introductionmentioning

confidence: 99%

The Wage Impact of Undocumented Workers

2012

View full text Add to dashboard Cite

show abstract

“…Barro and Sala-i-Martin (1999) note that ''absolute convergence'' predicts a negative correlation between growth rate of GDP per person and log(GDP) per person that is contradicted by empirical data. Instead, they advocate conditionalizing convergence on a host of covariates.…”

Section: Bernoulli Dynamicsmentioning

confidence: 92%

Model uncertainty in economic impacts of climate change: Bernoulli versus Lotka Volterra dynamics

Cooke

2012

Integr Envir Assess & Manag

View full text Add to dashboard Cite

The dynamic economic behavior in most integrated assessment models linking economic growth to climate change involves a differential equation solved by Jacob Bernoulli in 1695. Using the dynamic integrated climate economy (DICE) model and freezing exogenous variables at initial values, this dynamic is shown to produce implausible projections on a 60-year time frame. If world capital started at US$1, after 60 years the world economy would be indistinguishable from one starting with 10 times the current capitalization. Such behavior points to uncertainty at the level of the fundamental dynamics, and suggests that discussions of discounting, utility, damage functions, and ethics should be conducted within a more general modeling vocabulary. Lotka Volterra dynamics is proposed as an alternative with greater prime facie plausibility. With near universality, economists assume that economic growth will go on forever. Lotka Volterra dynamics alert us to the possibility of collapse. Integr Environ Assess Manag 2013;9:2-6. ß 2012 SETAC

show abstract

“…Barro and Sala-i-Martin, 1995). Furthermore, u is also determined by intertemporal preferences and, in general, will not be constant.…”

Section: 2mentioning

confidence: 99%

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold

Bassanini

Scarpetta

2007

OECD Economics Department Working Papers

View full text Add to dashboard Cite

JT03238194In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa-Lucas with constant returns to scale to "broad" (human and physical) capital. We exploit the different non-linear restrictions implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth regression by imposing cross-country homogeneity restrictions only on long-run coefficients, while letting the speed of convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long-run coefficients, given that OECD countries have access to common technologies and have intensive intra-industry trade and foreign direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries because of cross-country heterogeneity in population growth, technical change and progressiveness of the income tax. Therefore, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and short-run parameters, suffer from a heterogeneity bias and are not suited to implement our tests. The results suggest a strong effect of human capital accumulation: the estimated long-run effect on output of one additional year of education (about 6-9%) is also within the range of the estimates obtained in microeconomic analyses of the private returns to schooling. Our estimated speed of convergence is too fast to be compatible with the augmented Solow model, while is consistent with the Uzawa-Lucas model with constant returns to scale. This main finding is robust to several robustness tests.JEL classification: O11, O15, O41 Keywords: growth, human capital, panel data **************** Solow ou Lucas? Un test des modèles de croissance basé sur des données en panel pour les pays de l'OCDEDans cet article nous analysons le processus de croissance dans un groupe de pays de l'OCDE au cours des trois dernières décennies. Nous cherchons à établir si ce processus est plus conforme à un modèle de croissance exogène à la Solow ou bien à un modèle de croissance endogène à la Uzawa-Lucas avec des rendements d'échelle constants par rapport au capital au sens large (humain et physique). Pour cela, nous exploitons les contraintes non-linéaires propres aux deux modèles et nous étudions leur conformité avec les données. En utilisant des données de panel, nous spécifions une équation de croissance dans laquelle les paramètres de court terme et la vitesse de convergence varient d'un pays à l'autre, alors que seuls les paramètres de long terme sont supposés communs. Alors qu'il y a de bonnes raisons pour faire l'hypothèse que les coefficients à long terme sont égaux entre les pays de l'OCDE qui ont accès aux mêmes technologies et ont des relations commerciales étroites, les deux modèles théoriques sugg...

show abstract

Economic Growth

Cited by 450 publications

References 0 publications

The Wage Impact of Undocumented Workers

The Wage Impact of Undocumented Workers

Model uncertainty in economic impacts of climate change: Bernoulli versus Lotka Volterra dynamics

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Contact Info

Product

Resources

About