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 …

observed within countries over time. The model employs a dual-economy structure with formal and informal sectors. Growth is …Please do note quote without permission of author. - This paper constructs a simple model that can account for both the … negative relationship between growth and income inequality observed in the cross-country data and the positive relationship …

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 …

A Schumpeterian growth model is constructed where R&D firms innovate to produce better versions of the products or … through competition policy. The main findings are the following. A small imitation subsidy slows down growth. In the first …

formulating an endogenous growth model that combines elements from Romer (1990), Aghion and Howitt (1992), and van Zon and …The paper studies the contribution of human capital on economic growth through its impact on the rate of innovation by …-the-job training on the innovative capacity of an economic system that is the ultimate cause of output growth. In our set-up, general …

market policies in a dynamic North-South general equilibrium model with non-scale growth. To this aim, we generalize the … Schumpeterian product-lifecycle model of Dinopoulos and Segerstrtom (2003) by adding frictional unemployment and firing costs to … their framework. We find that the effects on North-South wage inequality, employment and growth depend qualitatively on the …

competitive market equilibria. The Walrasian framework encompasses the basic multi-sector growth (MSG) models with neoclassical … and the family of solutions (time paths) for steady-state and persistent growth per capita are parametrically … characterized. The technology parameters of the capital good industry are decisive for obtaining long-run per capita growth in …

multisector model of endogenous technical-change and economic growth. We consider an expanding-variety setup with rising labor … productivity in the model can increase via two different channels. First, population growth allows larger levels of specialization … technologies generated in this way are land and labor augmenting, and are the key to modern growth. In the model, the economy has …

This paper presents an endogenous growth model where, in line with the recent empirical evidence, the … telecommunications industry (telecom) is an engine of growth. In such a framework, this paper analyzes the channels through which telecom … contributes to economic growth and focuses on market structure analysis for telecom, in the light of the recent changes in it …