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A non-stationary panel data approach for examining convergence in South Africa
Published 2025-01-01Subjects: Get full text
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For a More Economics-Based Foundation of Trend-TFP in the Estimation of Potential Output
Published 2022-11-01“…Instead, this article proposes a more economics-based foundation of trend-TFP that is based on the arguments of the endogenous growth theory. A simple econometric exercise shows how the application of this approach may lead to a significantly different assessment of the potential output and, by extension, of the economy’s output gap. …”
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Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries
Published 2014-12-01“…According to the endogenous growth theory, higher education and thereby accumulation of human capital is considered to be the main driver of economic competitiveness in the growing global economy founded on knowledge. …”
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Endogenous economic growth from the perspective of Islamic economic doctrine
Published 2023-01-01“…With encounters with these problems, new theories of economic growth such as endogenous growth theory, economic sustainability literature, and Islamic economic doctrine have been proposed, which seek to reduce the effects and negative consequences of global economic growth policies. …”
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Human Capital, Economic Growth and Environmental Quality with Special Emphasis on Public Education Expenditures: An Application of DSGE Models
Published 2024-12-01“…Theoretical studies emphasize different mechanisms through which education affects economic growth. (1) Education increases the human capital of the labor force, thereby increasing labor productivity and shifting growth toward a higher equilibrium level of output. (2) In endogenous growth theories, education increases the economy's capacity to innovate new technologies, products, and processes, thereby promoting growth. …”
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