Li, Chol-Won

Political uncertainty, public expenditure and growth by Julia Darby( Book )

6 editions published between 1998 and 2000 in English and held by 22 WorldCat member libraries worldwide

We focus on the link between political instability due to uncertain electoral outcomes and economic growth, through the impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using an endogenous growth model with partisan electoral effects, we demonstrate that political uncertainty will generate a steady-state equilibrium growth rate which is inefficient and too low. We also use a newly-constructed political data set to estimate panel regressions for several OECD economies over a period 1960-95. Our empirical evidence on the effects of political variables on tax and spending decisions supports our theoretical results

Wage inequality and the effort incentive effects of technological progress by Campbell Leith( Book )

6 editions published in 2001 in English and held by 17 WorldCat member libraries worldwide

To explain the rise in the college wage premium in developed economies in the past decades, the present paper examines the effects of technological progress on workers' effort incentives, which determine the effective labor supply. Five effort incentive effects of technological progress are identified, and through these we obtain a number of results. Firstly, we establish that wage inequality can increase following an acceleration in skill-neutral technology progress. Secondly, an increase in skill-biased technological progress means, (I) skilled wages overshoot, (II) unskilled wages undershoot, and hence (III) wage inequality overshoots their respective long-run values. Thirdly, endogenising the number of skilled and unskilled workers on the basis of economic incentives does not eliminate wage inequality even in the long run. Fourthly, we can obtain hysteresis effects in the determination of long-run wage inequality. Finally, government policies which raise the equilibrium rate of unemployment are likely to reduce the impact of technical progress on inequality, and this may help to explain the relative increase in inequality in the US and UK compared with other European economies. Our focus on the supply-side complements studies which emphasize the impact of skill-biased technological progress on relative demand for skill workers

Growth and output fluctuations by Chol-Won Li( Book )

3 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide

Science, diminishing returns and long waves by Chol-Won Li( Book )

2 editions published between 1997 and 1998 in English and held by 7 WorldCat member libraries worldwide

Endogenous vs. semi-endogenous growth in a two-R & D-sector model by Chol-Won Li( Book )

4 editions published in 1999 in English and held by 7 WorldCat member libraries worldwide

On policy implications of endogenous technological progress by Chol-Won Li( Book )

2 editions published in 2000 in English and held by 7 WorldCat member libraries worldwide

Wage inequality and the effort incentive effects of technological progress by Cecilia García-Peñalosa( Book )

3 editions published in 2001 in English and held by 6 WorldCat member libraries worldwide

Stochastic variety innovation in a growth model by Chol-Won Li( Book )

2 editions published in 1998 in English and held by 6 WorldCat member libraries worldwide

Unemployment and the productivity slowdown : a labour supply perspective by Campbell Leith( Book )

3 editions published in 2001 in English and held by 6 WorldCat member libraries worldwide

Endogenous growth without scale effects : comment by Chol-Won Li( Book )

4 editions published in 1998 in English and held by 6 WorldCat member libraries worldwide