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Growth with technical change and human capital: transition dynamics versus steady state predictions
(1999)
Documento de trabajo / Lan gaiak,
This paper studies the steady-state and transitional dynamics predictions of an R&D-based growth model and evaluates their performance in explaining income disparities across countries. We fnd that even though steady-state ...
Growth and public support to research and imitation: the international connection
(1999)
Documento de trabajo / Lan gaiak,
This paper studies technology policy within the context of an R&D-based growth model. We first use cross-country data to document several empirical regularities regarding the relationship between public support to research ...
Transitional dynamics in an R&D-based growth model with imitation: comparing its predictions to the data
(1998)
Documento de trabajo / Lan gaiak,
Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, ...
The adoption and adaptation of externally originated ideas
(1998)
Documento de trabajo / Lan gaiak,
This is a vintage–capital model of technology adoption that takes seriously the fact that new inventions are specific to the environment in which they emerge. The key feature of the model is that the firm can invest resources ...
Insurance mechanisms against asymmetric shocks in a monetary union: an application to the European Monetary Union
(1999)
Documento de trabajo / Lan gaiak,
In this paper we offer a proposal of an automatic insurance mechanism designed to cope with asymmetric shocks in a monetary union. The mechanism would take as indicator the changes in the unemployment rate of the countries ...
Matching up the data on education with economic growth models
(1999)
Documento de trabajo / Lan gaiak,
The growth literature has not yet established how data on education should be introduced in theories involving human capital. Early work used enrolment rates as a proxy of human capital whereas more recently it has utilized ...
There was monetary autonomy in Europe on the eve of EMU? The German dominance hypothesis reexamined
(1999)
Documento de trabajo / Lan gaiak,
In this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest ...
A further generalization of the Solow growth model: the role of the public sector
(1999)
Documento de trabajo / Lan gaiak,
We develop in this paper an augmented version of the Solow (1956) growth model, including the role of government. The model leads to a non-monotonic relationship between the rate of growth of per capita output and government ...
¿Es sostenible el sistema de Seguridad Social en España? Situación actual y perspectivas
(1999)
Documento de trabajo / Lan gaiak,
En este trabajo se analiza la sostenibilidad del sistema de la Seguridad Social en España. Para ello se examinan los principales componentes de los ingresos y gastos del sistema que han caracterizado su evolución en los ...
Efectos de cambios impositivos en un modelo de equilibrio general aplicado: un análisis de la reforma de 1995
(1999)
Documento de trabajo / Lan gaiak,
En este trabajo se analizan los efectos de una disminución de los tipos de las cotizaciones sociales, compensada con un incremento en los tipos del impuesto sobre el valor añadido, como la que tuvo lugar en España en 1995. ...