Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low-income countries. From the perspective of growth...

The market solution of a general R&D-based endogenous growth model is developed. The model is general in two respects: First, general formulations are used and restrictions are only introduced provided that these become necessary. Second, each factor of production (labour, capital and...

Four stylised facts of economic growth in DCs are set up initially. Despite its obvious simplicity the linear growth model with subsistence consumption is able to reproduce two of them: a rise in the saving rate along with per capita income as well as ß-divergence. The speed of convergence...

Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...

Obwohl Mitarbeiterkapitalbeteiligung (MKB) auf eine lange Tradition zurueckblicken kann und auch in juengster Zeit erhoehte Aufmerksamkeit von Politikern, Praktikern und Wissenschaftlern geniesst, muss konstatiert werden, dass das vorhandene Wissen ueber die Perspektiven der Arbeitnehmer...

What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....

The economic elite have always been of special interest both to researchers and practitioners. Particularly with regard to periods of great societal transformation, economic elites are regarded as the most important social group and the main driving forces of the change process. However, this...

The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple...

Wie wird in KMU, die eine Reform ihrer betrieblichen Partizipationsstrukturen als Antwort auf die wirtschaftliche Strukturkrise planen, waehrend einer Akutkrise mit Blick auf diese Reform und auf die betriebliche Partizipation reagiert? Der vorliegende Beitrag untersucht diese Frage anhand von...