This paper examines the economic growth effects of limited availability of higher education in a simple endogenous … growth model with overlapping generations. With limited availability, the scarcity of human capital keeps its price high and … substantial slowdown in economic growth. …

This paper presents an endogenous growth model with population growth and an inter-generational spillover of human … generate a negative relationship between the population growth rate and the per capita GDP growth rate, which is also present … a multiplicity of steady growth paths in a model with two sources of growth and the Jones technology. The paper also …

This paper investigates the transitional dynamics of a basic Schumpeterian growth model under constant relative risk …

This study constructs a variety expansion growth model that integrates basic research to analytically examine its … steady-state welfare-maximizing level of basic research is below the steady-state growth-maximizing level. Second, a …

This study constructs a variety expansion growth model with public research spending, in which public researchers raise … the productivity of private R&D. We show that the rela- tionship between public research spending and the growth rate … input to private R&D. It is also shown that the welfare-maximizing level of pub- lic research spending is below the growth …

The growth effects of intellectual property right (IPR) protection are examined in a quality-ladder model of endogenous … growth. Stronger IPR protection, which reduces the probability of imitation, raises the reward for innovation. However …, concentration of R&D activity in a field raises the possibility of duplication of innovation, thereby hindering growth. In several …

This paper constructs a two-region endogenous growth model with productive government expenditure to analyze the … equilibrium growth rate. Furthermore, the higher the inequalities between the labor populations are, the greater the possibility …

This paper develops a theory of endogenous growth cycles focusing on the interaction between consumersf desire to … unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the … rate of per capita GDP growth in the initial phase, but nonetheless are indispensable for sustained economic growth in the …

This paper examines the growth effects of intellectual property right (IPR) protection in a quality-ladder model of … endogenous growth. Stronger IPR protection, which reduces the imitation probability, increases the reward for innovation. However … concentration of R&D activity raises the possibility of unnecessary duplication of innovation, thereby hindering growth …

This note reexamines the growth effects of commodity taxation and a manufacturing subsidy. By incorporating endogenous … households consider leisure to be important, an increase in the commodity tax rate can decrease the growth rate in the short run …. Second, a small elasticity of substitution and a small manufacturing subsidy halt economic growth. Third, when the elasticity …