This paper constructs a two-sector unified growth model that explains the timing and the inevitability of an industrial … starts at some time. The industrial revolution leads the economy to modern growth, the share of the agricultural sector … of fertility have ambiguous effects. The analysis almost completely characterizes the equilibrium path from ancient times …

In this paper, we present a standard quality ladders endogenous growth model with one significant new assumption, that … do not export. We also find that trade iberalization promotes economic growth and that it has the opposite effect of … retarding economic growth in a closely comparable growth model with Melitz-type assumptions …

I develop a model of endogenous economic growth and search and matching frictions in the labor market. I study the … effect of trade liberalization between two identical economies on unemployment. I solve for two versions of the growth model …, the first one where trade liberalization has only a temporary effect on growth, a semi-endogenous growth model. In the …

.2 percent. This rate of convergence can be explained by neoclassical growth model conditional on assumptions about factor …

Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of … physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility …

growth model can be a potential source of local indeterminacy. He also shows that on a high-growth path, the government, by … directly engaging in R&D activities and using R&D subsidies, may not enhance economic growth. On a low-growth path, the … government, by directly engaging in R&D activities and using R&D subsidies, may enhance economic growth. …

In this work we update the reviews on endogenous growth theories, after two decades of theoretical and empirical … core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and … factors responsible for growth differences in the data, the primary focus of this paper is on the last two. We will review …