Wachstumstheorie

Maußner, Alfred; Klump, Rainer

doi:10.1007/978-3-642-61473-6

Cited by 23 publications

(10 citation statements)

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“…However, the link (1) between productivity and output growth can be justified if capital growth equals output growth. This is in line with the stylised fact of a more or less constant capital‐output ratio (see, e.g., Jones 1998, p. 12; Maußner and Klump 1996, p. 7). Then, the parameters β 0 and β 1 are specified as β 0 = τ / η and β 1 = ( η + λ − 1)/ η , for which unbiased estimates can be obtained from .…”

Section: Verdoorn's Law and Employment Thresholdsupporting

confidence: 74%

Thresholds for employment and unemployment: A spatial analysis of German regional labour markets, 1992–2000

Kosfeld¹,

Dreger²

2006

Papers in Regional Science

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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 EconStor may A Spatial Analysis of German Regional Labour Markets 1992-2000Reinhold Kosfeld * and Christian Dreger **Abstract. This paper investigates the laws of Verdoorn and Okun in order to determine thresholds for employment and unemployment in all Germany for the period 1992-2000. Disaggregated datasets for 180 German functional regions provide the basis for obtaining efficient estimates and spatial labour market characteristics. To capture crosssection dependencies, a spatial SUR model is built up utilizing the eigenfunction decomposition approach suggested by Griffith (1996Griffith ( , 2000. The results indicate that minimum output growth sufficient for a rise in employment is below the level needed for a simultaneous drop in the unemployment rate. If spatial effects are not controlled for, the thresholds seem to be markedly overrated.

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Section: Verdoorn's Law and Employment Thresholdsupporting

confidence: 74%

Thresholds for employment and unemployment: A spatial analysis of German regional labour markets, 1992–2000

Kosfeld¹,

Dreger²

2006

Papers in Regional Science

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“…But to develop a model of endogenous growth on an aggregate basis, all enterprises need to show identical production functions have the same stock of capital and labor force. That is a strong discrepancy to the proposed recurrence to the assumptions of microeconomic theory that are needed to formulate a theory of endogenous growth [11]. The presentation of entrepreneurial conduct that is conceived to be the determinant of growth thus becomes highly stylized and draws an inappropriate picture of entrepreneurial decision making.…”

Section: Competitiveness and Its Determinantsmentioning

confidence: 96%

“…In most models, technological progress is the result of the private sector's research and development efforts. The wealth of a region is foremost determined by the creation of novel knowledge, which itself depends on innovative activities of enterprises (Romer [9], for an overview: Barro and Sala-i-Martin [10]; Maussner and Klump [11]; Aghion and Howitt [12]). This idea goes back to Schumpeter who considered growth on a microeconomic level and the meaning of enterprises for the growth cycle [13].…”

Section: Competitiveness and Its Determinantsmentioning

confidence: 99%

China, India, and the Socioeconomic Determinants of Their Competitiveness

Grupe

Rose

2010

Economics Research International

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We analyze and compare the social, cultural and historical determinants that influence the international competitiveness of China and India. Starting with the discussion why pure economic determinants cannot solely explain a country's competitiveness, we will analyze previous qualitative research and evaluate quantitative data to assess which country has more favorable socio-economic factors influencing its economic performance in the long run.

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“…It can easily be seen that conditions (14) are satisfied if and only if the original control variables take their values from (0, 1). Analogously to the previous notation, the equilibrium values of u˜i and w˜will be denoted by u i (i ¼ 1, 2, 3) and w. Introduce, furthermore, the new variables y(t) ¼ (y 1 (t) y 2 (t)) 0 with…”

Section: Transformation Of the Modelmentioning

confidence: 99%

Budget balancing in a two-dimensional macroeconomic model

Gyurkovics

Meyer

Takács³

2007

Mathematical and Computer Modelling of Dynamical Systems

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A two-person nonlinear dynamic game is presented to model the government's strategy to decrease the budget deficit, where Player 1 is the government using fiscal control and Player 2 represents the private sector. In our macroeconomic model the growth rate of the labour force is not known, but its lower and upper bounds are given a priori. This means that the system is uncertain, which makes the determination of an optimal solution (in a Nash, Stackelberg, etc. sense) impossible. Therefore, only a guaranteeing cost control is determined for Player 1. It is shown that the balancing by a guaranteeing cost control is possible even in the most unfavourable situation, when the governmental debt is higher and the volume of fixed capital stock is lower than the equilibrium value.

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Wachstumstheorie

Cited by 23 publications

References 0 publications

Thresholds for employment and unemployment: A spatial analysis of German regional labour markets, 1992–2000

Thresholds for employment and unemployment: A spatial analysis of German regional labour markets, 1992–2000

China, India, and the Socioeconomic Determinants of Their Competitiveness

Budget balancing in a two-dimensional macroeconomic model

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