Neoclassical economics

implicitement sans impact sur la dette publique, induit une hausse équivalente du PIB («Balanced Budget Multiplier»). Une majoration des dépenses financée par le marché des capitaux, donc augmentant la Oliver Adler Global Economic Research, Credit Suisse SA Marcel Thieliant Global Economic Research, Credit Suisse SA 27 La Vie économique Revue de politique économique 6-2011 Thème du mois Graphique 1 Dette publique et croissance Endettement de l'État/PIB dans les pays industrialisés Endettement

human capital proxy. Most of the economic growth studies consider as a proxy for human capital the average schooling years of the population. But this proxy presents several problems. One of these problems is the fact that it does not take into account the diminishing returns to education nor the quality of the different educational systems. In order to take this into account we are going to use a proxy mentioned by Wössmann (2000). We depart from a neoclassical growth model like that of Mankiw,

Ross (2005). 4 Voir Walter (2006). 5 Pour une présentation de la finance comportementale, on peut se reporter par exemple à Shleifer (2000). Pour une présentation du débat entre celle-ci et la finance néoclassique, on peut se reporter au Journal of Economic Perspectives de l’hiver 2003 opposant Burton Malkiel et Robert Shiller. 1 2 controverses locales sur fond d’un accord général sur les méthodes et les conceptions théoriques alors qu’en finance s’opposent véritablement deux paradigmes également

Journal of Monetary Economics, vol 22, pp. 3-42. -Romer P. (1994), The Origins of Endogenous Growth, Journal of Perspective Economics, vol 8, winter, pp. 3-22. -Romer P. (1990), Endogenous Technological Change, Journal of Political Economy, vol 95, pp. 71- 102. -Romer P. (1986), Increasing Return and Long-Run Growth, Journal of Political Economy, vol 94, octobre, n°5, pp. 1002-1037. -Solow R.M (1957), Technical Change and the Aggregate Production Function, The Review of Economics and Statistics

Costs, and Knowledge", Quarterly Journal of Economics, Vol. 107, pp. 1137-60. Blaug M. (1981), La pensée économique, origine et développement, Paris, Economica. Braverman H. (1974), Labour and Monopoly Capital: The Degradation of Work in the Twentieth Century, New York & Londres, Monthly Review Press. Caroli E., Van Reenen J. (2001), "Skill Biased Organizational Change? Evidence From a Panel of British and French Establishments", Quarterly Journal of Economics, Vol. 116, n° 4, pp. 1449-92. Ciccone A

Education and Poverty in a Solow Growth Model Thomas Bassetti† ∗ Abstract In this paper, we study the effect of education on economic growth. In particular, we show how education may generate nonlinearities in the process of economic growth. In our model, the assumption of a non constant human capital obsolescence rate causes non constant returns to education in the production of human capital. This will allow us to identify the conditions under which a poverty trap may arise in a Solow growth

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Present a case study of ONE region of France, discussing what you consider to be the major cultural, economic and linguistic issues. The French region of Alsace is unique in France, due to its complex history. The region has at times been under German rule, which affects it linguistically, culturally and even economically. The territory was part of the Holy Roman Empire between 870- 1648. At this time the population was ethnically German, but it eventually became part of France after the “thirty

inspired by the German’ system? 7 B) Why does Germany want to be inspired by the French system? 13 Would a standard minimum wage in Europe be a solution? 16 A) Difficulty principally stems from the fact that history culture social and economic policy choices are all different in Europe 16 B) Possibilities and suggestions for social progress as requested by Europeans on the minim wage 17 Conclusion 20 References 21 Introduction The minimum wage finds itself at the centre

countries. In particular, we show that in OECD economies it is crucial to isolate the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves to be a factor of economic divergence. ∗ JEL No: I20, O30, O40. Keywords: economic growth, human capital, education, imitation, innovation, convergence, technological frontier, wave. This research emerged from a request by the French Conseil d’Analyse Economique to produce a report on Education and