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 …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …

growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth …

We construct an endogenous growth model of directed technical change with automation (the introduction of machines … low-skill wages increase, investment in automation is stimulated, which depresses the future growth rate of low … literature on economic growth. We further include middle-skill workers, which allows the model to generate a phase of wage …

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in … that the union's policy spurs per capita income growth and increases the welfare of all generations that adhere to the …