This paper presents a tractable endogenous two-sector growth model with non-Gorman intra-temporal preferences and …. According to Engel’s law, growth in income increases the expenditure share of the luxury sector. Biased technical change … equilibrium consists of a nonbalanced constant growth path along which the Kaldor facts hold, and growth is mainly driven by the …

productivity of the sector producing the infrastructure. We show that this economy displays perpetual growth whenever the share of … conditions under which the tax rate is growth maximizing. …

We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects … that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also … study the growth effects of permanent technological and fiscal policy shocks in these two economies. During the transition …

negative relationship between growth and income inequality observed in the cross-country data and the positive relationship … observed within countries over time. The model employs a dual-economy structure with formal and informal sectors. Growth is … growth rate and increase inequality. Redistributive taxation lowers inequality but blunts the incentive to accumulate …

We investigate the Ramsey-like dynamics of nonrenewable resource abundance on economic growth and welfare in a two … result of Rodríguez and Sachs (1999) that the initial stock of the resource influences negatively the GDP growth of the … effect on the growth rate of the resource-rich country provided the elasticity of the initial price of the resource with …

that the impact of higher inequality on the aggregate human capital stock, and thus, on growth is positive under rather …

mineral stocks on public revenues, labour movements between sectors, and economic growth in an attempt to elucidate the poor …

This paper develops a dynamic general equilibrium model of North-South trade and economic growth in a world economy …

growth. Limited borrowing prevents the less affluent individuals from investing the efficient amount, and the inefficiencies … work on the inequality-growth nexus should use more specific measures of inequality rather than measures of ”overall …