Compared to other factors, the role of the age distribution of the population as a key endogenous determinant of economic growth trajectories has traditionally been overlooked. This is unrealistic, especially when dealing with major epochs of structural change, such as demographic transitions....

Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.

The paper investigates the role of progressive income taxation in the frame of the basic multiplier-accelerator model in continuous time. It is shown that, while proportional taxation is, as common wisdom believes, always stabilizing, in the case of non-linear progressive taxation, an increase...

A common belief in economic growth theory is that the instability of the balanced growth path of models based on a non-neoclassical production theory, such as the Harrod-Domar or Goodwin-type models, may be removed by introducing neoclassical technology and substitutability between factors. This...

The relationship between wage inflation and unemployment has been extensively investigated since the early work of Phillips (1958) and Lipsey (1960), and is still a matter of debate. In this paper we study the dynamics of a standard neoclassical labour market under Walrasian adjustment rules. We...

The paper investigates the role of progressive income taxation in the frame of the basic multiplier-accelerator model in continuous time. It is shown that, while the proportional taxation is, as common wisdom believes, always stabilizing, in the case of non-linear progressive taxation, an...

This paper offers a unified perspective of the analytical detection of Hopf bifurcation, which is a crucial tool in dynamic economic modelling. We clarify the relations between stability theorems and the notions of Simple and General Hopf Bifurcations. A Lienard-Chipart-type theorem for...

Much of the debate on the role played by the age distribution of the population in shaping the growth regimes of the neoclassical growth model of Solow has focused on the notion of capital dilution and the possibility that "optimal" population growth regimes (OPGR) exist. Conversely less has...

It is shown here that the Solow (1956) neo-classical growth paradigm not only explains the "first" stylised fact of economic growth, namely the existence of a globally stable state of balanced growth, but, once endowed with a demographically founded formulation of the labour supply, is also...