Matches in SemOpenAlex for { <https://semopenalex.org/work/W2588100728> ?p ?o ?g. }
Showing items 1 to 66 of
66
with 100 items per page.
- W2588100728 abstract "We scrutinize Thomas Piketty’s (2014) theory concerning the relationship between an economy’s long-run growth rate, its capital-income ratio, and its factor income distribution put forth in his recent book Capital in the Twenty-First Century. We find that a smaller long-run growth rate may be associated with a smaller capital-income ratio. Hence, the key implication of Piketty’s Second Fundamental Law of Capitalism does not hold. In line with Piketty’s theory a smaller long-run growth rate may go together with a greater capital share. However, the mechanics behind this result are the opposite of what Piketty suggests. Our findings obtain in variants of Romer’s (1990) seminal model of endogenous technological change. Here, both the economy’s savings rate and its growth rate are endogenous variables whereas in Piketty’s theory they are both exogenous parameters. Including demographic growth in the spirit of Jones (1995) shows that a smaller growth rate of the economy may imply a lower capital share contradicting a central claim in Piketty’s book." @default.
- W2588100728 created "2017-02-24" @default.
- W2588100728 creator A5061114349 @default.
- W2588100728 creator A5077236308 @default.
- W2588100728 date "2016-01-01" @default.
- W2588100728 modified "2023-09-26" @default.
- W2588100728 title "Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer" @default.
- W2588100728 doi "https://doi.org/10.2139/ssrn.2897494" @default.
- W2588100728 hasPublicationYear "2016" @default.
- W2588100728 type Work @default.
- W2588100728 sameAs 2588100728 @default.
- W2588100728 citedByCount "1" @default.
- W2588100728 countsByYear W25881007282019 @default.
- W2588100728 crossrefType "journal-article" @default.
- W2588100728 hasAuthorship W2588100728A5061114349 @default.
- W2588100728 hasAuthorship W2588100728A5077236308 @default.
- W2588100728 hasBestOaLocation W25881007282 @default.
- W2588100728 hasConcept C100001284 @default.
- W2588100728 hasConcept C110121322 @default.
- W2588100728 hasConcept C134306372 @default.
- W2588100728 hasConcept C145236788 @default.
- W2588100728 hasConcept C162324750 @default.
- W2588100728 hasConcept C190430219 @default.
- W2588100728 hasConcept C205649164 @default.
- W2588100728 hasConcept C2776943663 @default.
- W2588100728 hasConcept C2777601356 @default.
- W2588100728 hasConcept C33923547 @default.
- W2588100728 hasConcept C45555294 @default.
- W2588100728 hasConcept C50522688 @default.
- W2588100728 hasConcept C519300510 @default.
- W2588100728 hasConcept C58640448 @default.
- W2588100728 hasConceptScore W2588100728C100001284 @default.
- W2588100728 hasConceptScore W2588100728C110121322 @default.
- W2588100728 hasConceptScore W2588100728C134306372 @default.
- W2588100728 hasConceptScore W2588100728C145236788 @default.
- W2588100728 hasConceptScore W2588100728C162324750 @default.
- W2588100728 hasConceptScore W2588100728C190430219 @default.
- W2588100728 hasConceptScore W2588100728C205649164 @default.
- W2588100728 hasConceptScore W2588100728C2776943663 @default.
- W2588100728 hasConceptScore W2588100728C2777601356 @default.
- W2588100728 hasConceptScore W2588100728C33923547 @default.
- W2588100728 hasConceptScore W2588100728C45555294 @default.
- W2588100728 hasConceptScore W2588100728C50522688 @default.
- W2588100728 hasConceptScore W2588100728C519300510 @default.
- W2588100728 hasConceptScore W2588100728C58640448 @default.
- W2588100728 hasLocation W25881007281 @default.
- W2588100728 hasLocation W25881007282 @default.
- W2588100728 hasLocation W25881007283 @default.
- W2588100728 hasLocation W25881007284 @default.
- W2588100728 hasLocation W25881007285 @default.
- W2588100728 hasOpenAccess W2588100728 @default.
- W2588100728 hasPrimaryLocation W25881007281 @default.
- W2588100728 hasRelatedWork W1567314334 @default.
- W2588100728 hasRelatedWork W161480757 @default.
- W2588100728 hasRelatedWork W1868438491 @default.
- W2588100728 hasRelatedWork W1991090562 @default.
- W2588100728 hasRelatedWork W2005534758 @default.
- W2588100728 hasRelatedWork W2087816922 @default.
- W2588100728 hasRelatedWork W2108417743 @default.
- W2588100728 hasRelatedWork W2296111376 @default.
- W2588100728 hasRelatedWork W3124018929 @default.
- W2588100728 hasRelatedWork W3152400833 @default.
- W2588100728 isParatext "false" @default.
- W2588100728 isRetracted "false" @default.
- W2588100728 magId "2588100728" @default.
- W2588100728 workType "article" @default.