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Aim of the study is to estimate contribution of infrastructure capital in labor productivity in Russia. We measure … stock of the traditional infrastructure sectors: communication, railways and paved roads. The idea of the econometric … estimates is to expand a production function including infrastructure capital stock and spatial externalities of neighboring …
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We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium....
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The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...
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