The paper analyses a two-sector model of endogenous growth with two common features of economic development: stages of … sustained growth and underdevelopment traps. The model also demonstrates the transitional issues of a temporary underdevelopment … trap, seemingly sustainable growth, and a slowdown in productivity growth. The temporary underdevelopment trap occurs when …

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this … national average IQ has a robust positive relationship with economic growth. In growth regressions that include only robust …

Transitional dynamics in growth models have been subject to much attention recently. With a few exceptions, existing …

endogenous economic growth. In the 1st part of the paper the basics of the MWR method are described. Attention is mainly … part of the paper is devoted to the setup of a model of endogenous growth with human capital accumulation and the … of the problem which eliminates the growth in variables is then presented and the MWR method is used to solve the model …

We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

The paper develops a Romer-type growth model with a research sector, a manufacturing sector, and a financial sector and … shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … sector and shifts resources out of other sectors of the economy including research, the engine of growth, into the financial …

profits. Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 …

aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by … applying a log-linear aggregation method to a simple heterogeneous AK growth model. The aggregation effect is explicitly … captured in the growth equation by the changes of the mean logarithmic deviation (MLD or Theil’s second measure) of the income …

distribution, growth and international specialization. The model is explored both for the steady- state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …