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Detail práce
  
Endogenous Growth Model, Distance to Frontier, and Labour Market Institutions
Název práce v češtině: Endogenní model růstu, vzdálenost k technologické hranici a instituce na trhu práce
Název v anglickém jazyce: Endogenous Growth Model, Distance to Frontier, and Labour Market Institutions
Klíčová slova: Pojištění v nezaměstnanosti, Vzdálenost k hranici, Endogenní model růstu, Technologický růst, Ekonomický růst
Klíčová slova anglicky: Unemployment Insurance, Distance to Frontier, Endogenous Growth Model, Technology Growth, Economic Growth
Akademický rok vypsání: 2014/2015
Typ práce: diplomová práce
Jazyk práce: angličtina
Ústav: Institut ekonomických studií (23-IES)
Vedoucí / školitel: PhDr. Jaromír Baxa, Ph.D.
Řešitel: skrytý - zadáno vedoucím/školitelem
Datum přihlášení: 24.04.2015
Datum zadání: 24.04.2015
Datum a čas obhajoby: 22.06.2016 11:00
Místo konání obhajoby: IES
Datum odevzdání elektronické podoby:11.05.2016
Datum odevzdání tištěné podoby:11.05.2016
Datum proběhlé obhajoby: 22.06.2016
Oponenti: Mgr. Vědunka Kopečná
 
 
 
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Zásady pro vypracování
This thesis will introduce its own discrete economy based on EGM. The original EGM model will be extended by a process of accepting a job offer – search model. All economic agents involved in the economy will solve their problems as dynamic programming problems and the whole economy will be studied under the assumption of balanced growth.
The contribution of the thesis is to extend existing EGM by introducing labour market institutions. To the best of my knowledge, there has been no literature studying the optimal labour market institutions (e.g., unemployment benefits, minimum wage, and mobility) under different distances to the technology frontier. This thesis is expected to reveal the relationship between the optimal level of unemployment benefits and distance to the technology frontier.
Seznam odborné literatury
Acemoglu, D., Aghion, P., & Zilibotti, F. (2006). Distance to Frontier, Selection, and Economic Growth. Journal of the European Economic association, 4(1), 37-74.
Aghion, P. (2002). Schumpeterian Growth Theory and the Dynamics of Income Inequality. Econometrica, 70(3), 855-882.
Aghion, P., Akcigit, U., & Howitt, P. (2013). What Do We Learn from Schumpeterian Growth Theory? (No. w18824). National Bureau of Economic Research.
Aghion, P., & Howitt, P. (1992). A Model of Growth through Creative Destruction. Econometrica, 60(2), 323-351.
Lingens, J. (2003). The Impact of a Unionised Labour Market in a Schumpeterian Growth Model. Labour Economics, 10(1), 91-104.
Lin, J.Y., (2015, Jan 29). [Blog] How Fast Will China Grow? http://www.project-syndicate.org/commentary/china-2015-five-year-plan-by-justin-yifu-lin-2015-01#uZW10mTDqMOXXRfB.99
Nickell, S., & Layard, R. (1999). Labor Market Institutions and Economic Performance. Handbook of labor economics, 3, 3029-3084.
Rogerson, R., Shimer, R., & Wright, R. (2004). Search-theoretic models of the labor market-a survey (No. w10655). National Bureau of Economic Research.
Vandenbussche, J., Aghion, P., & Meghir, C. (2004). Growth, Distance to Frontier and Composition of Human Capital. Journal of economic growth, 11(2), 97-127.
Zhang, J., (2014, Jan 20). [Blog] Making Sense of China’s Growth Model. http://www.project-syndicate.org/commentary/jun-zhang-argues-that-the-dichotomy-of-extensive-and-intensive-growth-is-a-red-herring-when-it-comes-to-china-and-other-asian-economies#p2v7OKFHQYDXlO3o.99

Předběžná náplň práce
The structure of the thesis will be as follows.
(i) Introduction shall motivate why developing counties that approach the technology frontier should consider implementing new institutions.
(ii) Literature review will consist of two parts; firstly the literature related to EGM and, secondly, Search models literature will be reviewed.
(iii) The model shall be introduced and solved.
(iv) Case study: The theoretical results from the model will be showed in light of the case of China.
(v) Conclusion shall summarize both the theoretical model and the case study.
Předběžná náplň práce v anglickém jazyce
Hypotheses:

Appropriate labour market institutions are contingent on the distance to the technology frontier:
(i) Higher unemployment benefits in developing countries slow down economic growth.
(ii) Higher unemployment benefits in developed countries increase the rate of innovation.
(iii) Overall effect of unemployment benefits on economic growth in developed countries is ambiguous.
 
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