19 documents found, page 1 of 2

Fertility choices, Demographics and Automation

In this paper we study a theoretical link between the effects of increased automation on labor markets, and the fertility decisions of a representative household that is replaced by robots in the production of tasks. We develop a framework in which children provide utility and impose an opportunity cost to the household due to lost labor income. We show that fertility rate changes are the result of an optimal r...

Historical European Institutions, Human Capital and Development: A Plausible Ex...

The literature on development has pointed out some deeply-rooted determinants of current economic development. Most research on the field has been devoted to developing countries or specific to single countries. We focus on deeply-rooted determinants of development of European regions, in particular on the influence of human capital. Following an identification strategy using a recently developed instrumental v...

The effects of automation and lobbying in wage inequality: a directed technical...

We devise a Directed Technical Change (DTC) multisector Schumpeterian growth model in which both wage inequality and wage polarization are analysed. To that end, we introduced tasks in the model, some of which can be automated – replaced by robots or machines –, thus combining the DTC and task-based growth literature in an unified framework. This model produces positive relationships both (i) between the relati...

Inflation, Complexity and Endogenous Growth

In this article, we argue that inflation increases complexity pertaining to knowledge production (or R&D). Then, we expand a recently developed complexity index based on entropy to include the effect of inflation. As a result of this new mechanism in an endogenous growth model, inflation is no longer superneutral. In the model, inflation can decrease economic growth in a nonlinear way, a sudden upward shock on ...

Renewable Energy Consumption and Economic Growth: a note reassessing panel data...

Renewable Energy and Sustainability from the Supply Side: A Critical Review and...

Climate Change and Sustainable Development: The case of Amazonia and Policy Imp...

The relationship between sustainable development and climate change has been extensively addressed, but with few studies focusing on the Amazonian Rainforest. This is, by far, the largest rain forest in the world and one of the most pressured by devastation resulting from economic activities. The combination of the inhabitants’ welbeing and the preservation of the Amazonian region is a challenge not only to loc...

Tradable and nontradable directed technical change

Growth accounting and regressions : new approach and results

We seek for determinants of the sources of growth. Using a growth accounting method that accounts for time variations in factor shares, we run growth regressions for a panel of 101 countries between 1950 and 2015. Our methodology takes into account the specific features of the data (namely outliers, heterogeneity, and cross panel correlations) and overcomes most criticisms previously raised on growth regression...

Exponential Discounting Bias

We address intertemporal utility maximization under a general discount function that nests the exponential discounting and the quasi-hyperbolic discounting cases as particular specifications. Under the suggested framework, the representative agent adopts, at some initial date, an optimal behavior that shapes her consumption trajectory over time. This agent desires to take a constant discount rate to approach th...