competitive market equilibria. The Walrasian framework encompasses the basic multi-sector growth (MSG) models with neoclassical … and the family of solutions (time paths) for steady-state and persistent growth per capita are parametrically … characterized. The technology parameters of the capital good industry are decisive for obtaining long-run per capita growth in …

competitive market equilibria. The Walrasian framework encompasses the basic multi-sector growth (MSG) models with neoclassical …-sector economies and the family of solutions (time paths) for steady-state and persistent growth per capita are parametrically … characterized. The technology parameters of the capital good industry are decisive for obtaining long-run per capita growth in …

The static trade literature has concluded that, absent distortions and bystanders, transfer induced movements in the … terms of trade cannot be large enough (under Walrasian stability) to produce the transfer paradox. Dynamic one-sector models … allows for both static and intertemporal terms of trade effects -commodity trade can produce a steady state transfer paradox …

growth theory and may lead to biased estimates of the pattern of specialization and trade. …We show that the specification of technology differences in recent empirical studies of trade is not supported by basic …

in migration patterns for the growth and distribution of world income and population using a model with endogenous … poverty and increasing world growth. …

negative relationship between growth and income inequality observed in the cross-country data and the positive relationship … observed within countries over time. The model employs a dual-economy structure with formal and informal sectors. Growth is … growth rate and increase inequality. Redistributive taxation lowers inequality but blunts the incentive to accumulate …

We investigate the Ramsey-like dynamics of nonrenewable resource abundance on economic growth and welfare in a two … result of Rodríguez and Sachs (1999) that the initial stock of the resource influences negatively the GDP growth of the … effect on the growth rate of the resource-rich country provided the elasticity of the initial price of the resource with …

productivity of the sector producing the infrastructure. We show that this economy displays perpetual growth whenever the share of … conditions under which the tax rate is growth maximizing. …

We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects … that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also … study the growth effects of permanent technological and fiscal policy shocks in these two economies. During the transition …

a two-good neoclassical Ramsey growth model with lack of enforcement on international trade contracts we show that … many researchers believe, international trade affects growth by increasing investment rates. The model provides a new …We discuss the role of contracting impediments created by the existence of national borders on open economy growth. In …