productivity of the sector producing the infrastructure. We show that this economy displays perpetual growth whenever the share of … conditions under which the tax rate is growth maximizing. …

We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects … that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also … study the growth effects of permanent technological and fiscal policy shocks in these two economies. During the transition …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when the …

infrastructure and environmental investment, in a general-equilibrium growth model with endogenous subjective discounting. A green … raising growth and improving environmental conditions, although the environment does not impact the production technology …. Also, endogenous Ramsey and growth-maximizing policies eliminate the possibility of an 'environmental and economic poverty …

growth. However, it generates a U-shaped relationship between FDI and local imitation. We also allow for “backward …” spillovers in knowledge to Northern innovation, which partially restores global efficiency and growth. We find that Southern R … either region raises innovation growth. …

have remained stable. We formulate a neoclassical growth model in which agents devote time either to produce or to commit …

Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal … a striking variation across world regions. While some former autocracies such as the East Asian growth miracles have …

, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor … must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the … innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is …

to knowledge creation, a feature based on endogenous growth theory. We analyze the link from resource income future …