In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure...

This research develops a theory about the role of within-country income inequality leading to overtaking in economic performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the qualitative change in their combined effect is a...

Through the use of aggregate Social Accounting Matrices for Portugal, the flows of funds from three government subsectors to households will be studied, as well as the flows from the latter to the former. From the SAM modelling, both a static and a comparative static analysis will be made, in...

This paper shows the characteristics of the macroeconomic Social Accounting Matrix (SAM) of Tunisia in 1996. It is established that the SAM is one of the data bases of the Computable General Equilibrium (CGE) Models. These last years, the researchers have intensified the use of the SAM within...

This paper has the aim to present the various methods of balancing applied to the macroeconomic Social Accounting Matrix (macro SAM) of Tunisia during the year 2000. These methods (method of entropy, method of least squares....) were used by the modellers of Computable General Equilibrium (CGE)...

Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...

Cet article présente une méthodologie d’évaluation des licences UMTS en utilisant un modèle d’options réelles. L’acquisition d’une licence est perçue comme donnant droit à entreprendre les investissements d’infrastructure du réseau, que la firme peut différer dans le temps. La...