physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

variability in income levels and their growth rates. We review estimates for a wide range of policy variables. In many cases, the … magnitude of the estimates is under debate. Estimates found by running cross-sectional growth regressions are sensitive to which …

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy affects growth in two respects: first, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied …

possible depending on parameters of the model. In both the cases the long-run growth rates are the same for all equilibrium … paths exist possessing different long-run growth rates. The more the fraction of time used for learning is the more a long …-run growth rate is. This result can serve as a new argument in the discussion of growth rates and levels initiated by Lucas (1988 …

’s endogenous ability to absorb technological spillovers. The resulting model is one of uneven growth where trade amplifies worker …