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3 results on '"Solow model"'

1. INVESTICE DO VĚDY A VÝZKUMU A PRODUKTIVITA PRÁCE V MSP V EUROZÓNĚ.

Author

Krkošková, Radmila

Abstract

The paper contributes to the existing literature through analysis of relationship between labour productivity and government spending on research and development in the eurozone countries as a whole. In particular, small and medium enterprises should aim to increase the labour productivity and use the possibilities of funding from the structural funds. The purpose of this paper is to empirically investigate the relationship between labour productivity and government spending on research and development in the eurozone. In particular, its purpose is to investigate this relationship in the case of small and medium enterprises. By utilizing causality tests and error correction models, the results suggest that support of research and development is the cause of labour productivity growth in the long-term period. However, for the short-term period changes in labour productivity precede changes in government spending on research and development. Based on the findings, the study has several theoretical and practical implications. The data sources were the Eurostat database. The data used have the character of annual time series in the period between 2004 and 2016. GRETL software was used for the calculations. [ABSTRACT FROM AUTHOR]

Published
2019

2. Capital change caused by the influence of migration wave within the European Union in 2014 and 2015

Author

Kratochvíl, Martin, Vostrovská, Zdenka, and Pícl, Michal

Subjects
Solowův model, migrace, Evropská unie, Solow model, kapitál, capital, quantitative assumptions, kvantitativní předpoklady, European Union, migration
Abstract

This thesis deals with the influence of waves of migration in the European Union in 2014 and 2015 to change the capital. Specifically, the one-time change of capital in terms of effective labor. This objective has been addressed in the Solow model by adopting the method of fixed effects. Panel data used for the calculation was collected from the database of the World Bank, Eurostat and the Organisation for Economic Co-operation and Development (OECD). Based on the obtained data it was not possible to demonstrate the influence current migration wave to the capital change effective labor because of the absence of data for the last two years. For this reason, efforts were made to verify some quantitative conclusions Solow model on the resultant data set. Based on the results obtained for the use of data, we can say that we managed to confirm some conclusions about the growth factors and the influence of individual variables Solow model. Another finding relates to the inability to examine the potential economic effects of the current migration wave to the absence of data in recent years.

Published
2015

3. The Solow model and the empirics of economic growth

Author

Macho, Ondřej, Chytil, Zdeněk, and Potužák, Pavel

Subjects
konvergence, Solowův model, ekonomický růst, Solow model, economic growth, convergence
Abstract

The aim of this work is to accomplish an analysis of an economic growth of selected countries by using the Solow model. The main goal is to determine whether the current economic growth proceeds according to the Solow model and whether this model is a proper tool to analyze an economic growth. At first, theoretical assumptions and individual components of the model are described. The analysis itself is then achieved by sequential application of macroeconomics indicators of selected countries, which are divided into three groups according to its distinctive economical features, to three types of the Solow model (the basic Solow model, the human capital augmented Solow model, the human capital and technological know-how augmented Solow model). The application is implemented by the statistical-empirical software Gretl. At the end of the work, regarding mainly to results of the empirical testing, the augmented Solow model including the human capital and the technological know-how is established to be a proper tool to analyze an economics growth.

Published
2011

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