We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and … growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would …-negligible welfare and growth gains. …

The paper investigates the local dynamics of a simple growth model with a public health factor. A notable feature of … the model is that it employs a non-separable utility function between consumption and the level of public health … contributes to labor productivity growth. From a three-dimensional dynamic system that includes physical capital, public health …

. In order to do this, it is vital to bear in mind the fact that long-term economic growth is characterized by the … market. The OLG model will be used in our analysis. Notice that the level of investment in health policies and disease … management are one of the key variables of the model. It is, therefore, interesting to observe that an increase in capital may …

significant and sizeable public capital spillover effects, growth in Taiwan is strictly endogenous. Finally, the dynamic model …This study reaffirms the empirical evidence of public capital spillovers and endogenous growth by using data for the … with a cointegration equation helps in studying some sensible short-run properties of the model and bi-directional effects …

Human capital accumulation may negatively affect economic growth by increasing tax avoidance and reducing effective tax … and tax avoidance affects economic growth and macroeconomic dynamics. Our findings show that this interaction produces … remarkable growth and welfare effects. …

This paper sets up a spatial dynamic CGE framework by combining the optimal growth model of saving and investment under … diversity on the dynamic equilibrium path, the model belongs to the category of semi-endogenous growth models. We overcome the … adjustment costs and the spatial CGE model with Dixit–Stiglitz structure in the modern sector. Because of increasing product …

In this paper, we develop a general equilibrium endogenous growth model that emphasizes the IPR enforcement effects on … growth, in a scenario of north–south technological knowledge diffusion. The economy consists of three sectors, and firms are … difficult. We find that, in steady state, the increases in IPR protection result in decreases in the growth rate. This result is …

In a one-sector neoclassical dynamic economic growth model, a reasonable ratio of investment to consumption exists, i ….e., the “Golden Rule of Consumption”. This study is to extend one-sector neoclassical growth model to a multi-sector one. It … expression of the balanced growth solution of the multi-sector model is provided, mainly including analytical expressions of the …

This paper devises an endogenous growth model with physical capital, human capital and product variety. Differently to …&D spillovers. We provide conditions for the existence of a unique feasible steady-state equilibrium with positive long-run growth …. For appropriate parameter values, the transitional dynamics of the model is represented by a two-dimensional stable …

and population growth rates are positively correlated. (iii) Predictions of our model are consistent with what the data … sustainability of economic growth in these countries. Given this concern, we ask the following questions: Is there a force that would … allow economic growth and declining population to coexist? Is there a mechanism that could reverse the decline in fertility …