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Caselli, Francesco; Feyrer, James - C.E.P.R. Discussion Papers - 2005

investment goods in developing countries. One implication of our findings is that increased aid flows to developing countries …

Persistent link: https://www.econbiz.de/10005123679

Environmental Policy and Directed Technical Change in a Global Economy: The Dynamic Impact of Unilateral Environmental Policies

Hemous, David - C.E.P.R. Discussion Papers - 2013

This paper builds a two-country (North, South), two-sector (polluting, nonpolluting) trade model with directed technical change, examining whether unilateral environmental policies can ensure sustainable growth. The polluting good is produced with a clean and a dirty input. I show that a...

Persistent link: https://www.econbiz.de/10011084402

Quality Improvements in Models of Growth

Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994

Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...

Persistent link: https://www.econbiz.de/10005067489

Multiple Equilibria in a Growth Model with Monopolistic Competition

Galí, Jordi - C.E.P.R. Discussion Papers - 1993

We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical firm depends on the aggregate savings rate. The latter...

Persistent link: https://www.econbiz.de/10005124443

MODELLING TIME AND MACROECONOMIC DYNAMICS

Anagnostopoulos, Alexis; Giannitsarou, Chryssi - C.E.P.R. Discussion Papers - 2010

In this paper, we analyze the importance of the frequency of decision making for macroeconomic dynamics. We explain how the frequency of decision making (period length) and the unit of time measurement (calibration frequency) differ and study the implications of this difference for macroeconomic...

Persistent link: https://www.econbiz.de/10008684671

Extensive and Intensive Growth in a Neoclassical Framework

Irmen, Andreas - C.E.P.R. Discussion Papers - 2004

of factors of production, their (expected) relative price, and induces innovation investments. …

Persistent link: https://www.econbiz.de/10005791342

Neoclassical Growth and the 'Trivial' Steady State

Hakenes, Hendrik; Irmen, Andreas - C.E.P.R. Discussion Papers - 2005

If capital is an essential input, the neoclassical growth model has a steady state with zero capital. From this, one is inclined to conclude that an economy starting without capital can never grow. We challenge this view and claim that, if the production function satisfies the Inada conditions,...

Persistent link: https://www.econbiz.de/10005792095

Factor Saving Innovation

Boldrin, Michele; Levine, David - C.E.P.R. Discussion Papers - 2002

conditions. The model provides a step toward a theory of endogenous innovation under conditions of perfect competition. …

Persistent link: https://www.econbiz.de/10005114155

Growth, Trade, and Inequality

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

Persistent link: https://www.econbiz.de/10011083890

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - C.E.P.R. Discussion Papers - 2012

This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …

Persistent link: https://www.econbiz.de/10011084481