The principle of conditional convergence, in growth theory, fails to explain growth paths that are durably divergent … among countries having similar structural characteristics (same rates of investment, of capitaldepreciation, of demographic … growth, and similar access to technologies and resources...). Our research models the reasons of these divergencesby making …

economic growth. Taking into account various conflicting relationships between KIBS and growth, we build a multi agent … that KIBS can be regarded as an engine for the economic growth and that they operate as a substitute for the material … capital accumulation. Nevertheless, material capital accumulation still appears as a significant factor of economic growth. …

We investigate the effects of collaterals and monetary policy on growth rate dynamics in a Ramsey economy where agents … policy may promote economic growth while making endogenous fluctuations more likely. Conversely, a regulation reinforcing the … role of collaterals and reducing the financial market imperfections may enhance the economic growth and stabilize the …

reconsidering "free disposal" assumptions that underpin Sraffian and von Neumann approaches to value and growth theory. We …-eigenvector with associated non-negative eigenvalue. Sustainable time-paths may then be balanced growth at g > −1, or convergent …

growth over the period 1981-2005. The econometric relationships derived in this paper suggest that future reductions in CO2 …

We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen … African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa …. However, African countries are heterogeneous and there is no "one way" recommendation about energy-growth relationship that …

We analyze the interplay between longevity, pollution and growth. We develop an OLG model where longevity, pollution … and growth are endogenous. The authorities may provide two types of public services, public health and environmental … maintenance, that participate to increase agents' life expectancy and to sustain growth in the long term. We show that global …

uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when (i) the …