Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …

This paper extends the seminal creative destruction growth model of Aghion/Howitt (1992) to investigate the … relationship between unemployment and growth. We distinguish low-skilled and high-skilled labour and assume that a union bargains … over the low-skilled labour wage. This causes unemployment, but the growth e ect is ambiguous. On the one hand the higher …

Gini coefficient and to increase average income, growth, and income of the poor. However, some non-linearites are detected …

Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …

In this paper we analyse the effects of simultaneous union wage bargaining in a simple two sector growth model. We show … employment effects we analyse how unionisation changes the rate of growth. It is shown that both research sector unionisation and … intermediate sector unionisation lower the rate of growth, although the effect of research sector unionisation is more fierce …

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We … show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under … laissez-faire. By contrast, if the government subsidizes private providers, not only are growth and welfare higher than under …