In questo lavoro abbiamo presentato un modello di crescita dove il livello dell'output vienedeterminato grazie alla scelta di allocazione del tempo tra accumulazione di capitale umano ed attività direttamente produttiva. In questo modo il livello dell'output lungo il sentiero di crescita...

This paper deals with the world income distribution. In the first part of the article we present a simple theoretical model. We consider an economy that is made up of a representative household and where agents are involved in three types of activities: consumption goods production, human...

Abstract This paper extends public spending-based growth theory along three directions: we assume that exogenous and constant technological progress does exist and that both population change and the ratio of government expenditure to income follow a logistic trajectory. By focusing on the...

This paper extends public spending-based growth theory along three directions: we assume a logistic trajectory for the ratio of government expenditure to aggregate income, self-limiting population change, and exogenous technological progress. By focusing on the choices of a benevolent social...