| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP542 |
| DP542 Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility | |
| Willem Buiter; Kenneth Kletzer | |
| 发表日期 | 1991-07-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | The paper develops a two-country endogenous growth model to investigate possible causes for the existence and persistence of productivity growth differentials between nations, even though these countries show a common technology, constant returns to scale and perfect international capital mobility. Private consumption is derived from a three-period overlapping generations specification. The source of productivity (growth) differentials in our model is the existence of a non-traded capital good (`human capital') whose augmentation requires a non-traded current input (time spent by the young in education rather than leisure). We consider the influence on productivity growth differentials of private thrift, public debt, the taxation of capital and savings and of policy towards human capital formation. |
| 主题 | International Macroeconomics |
| 关键词 | Convergence Endogenous growth Externalities Non-traded goods Productivity |
| URL | https://cepr.org/publications/dp542 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529712 |
| 推荐引用方式 GB/T 7714 | Willem Buiter,Kenneth Kletzer. DP542 Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility. 1991. |
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