neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many … different purposes. As a working object it enabled experimentation with long-run equilibrium growth. As an instrument of …

We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role …. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial … two regimes emerges. We show that history matters and that the emergence of the low-growth regime is feasible. Furthermore …

by political authorities which forces the economy to make a transition to cleaner production processes. We model this … transition as a change in "general purpose technology" (GPT) and investigate how it interferes with economic growth driven by … qualityimprovements. The model gives an explanation for the inverted U-shaped relationship found in empirical research for many pollutants …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …-born by skill level. Specifically, after introducing migration in an augmented Solow-Swan model, we estimate a dynamic panel … model using a system of generalized method of moments (SYS-GMM) to deal with the risk of an endogeneity bias of the …

We extend the standard quality-ladder model with heterogeneous workers by including efficiency wages and unions. We … find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …

This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …

introduced by which society forces the economy to make a transition to cleaner production processes. We model this transition as … a change in "general purpose technology" and investigate how it interferes with economic growth driven by quality …-improvements. The model gives an explanation for the inverted U-shaped pollution-income relation found in empirical research for many …

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 …

A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … present model features long-run convergence to its normal rate of capacity utilization, which is conditionally achieved by … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects …