In this paper we analyze the so-called AK endogenous growth model with persistent unemployment due to wages rigidities that result from labor market imperfections. We demonstrate that existence of a balanced growth path implies that it is unique or that there exist two balanced growth paths,...

In this paper we present and analyze a stylized model of endogenous growth with international technology spillover effects from the North to the South. The model allows for endogenous structural change and environmental degradation that reduces world output. We find that within this framework...