This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … transition: a rapid decline in fertility accompanied by accelerated output growth. …

growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of …

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 … to those found in the perfectly competitive one-sector growth model: there is a unique stationary equilibrium which is …

to enhance institutional quality thereby promoting growth. The politically powerful coalition contemplates relinquishing …, and slow growth; and a more equal distribution of political and economic resources, high-quality institutions, and faster … growth. …

twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact … moderate positive causal effect on per capita GDP levels across sectors, but no effect on per capita GDP growth. We provide a …

rate effect, and how much a true growth effect? If there are growth effects, how much of this is based on accelerating … inequality impact of demographic transitions? …

We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a … standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in … differences across households and leads to long run equality, while below the threshold, inequality is high and persists more …

This paper studies the impact of income inequality on the level of innovative activity in a model where innovations …

distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new …