This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the … recent growth literature: human capital accumulation and technological progress. Our model economy does not create new … various standard results on the effects of economic policy on the rate of growth. …

We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with … realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with …

the process of development. A simple general equilibrium model of rent-seeking political elites with two productive …

growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of … returns to human capital can be decisive in determining the outcome. The model provides a basis for distinguishing development …

countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …

growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and …

-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …

We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When …-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …

prevalence of contagious disease might evolve toward growth-inhibiting social institutions and how small initial differences can …