The one-sector neoclassical growth model (Solow, 1956,RES) can generate only simple dynamics. The dynamic properties of … complex dynamic behaviour. We study some of the properties of a discrete-time version of the two-class model of growth and …

state variable. With these two features, the framework will be better suited to analyze consumption, growth and asset …

result is that, in many poor countries, that cost may in fact exceed the welfare cost of significantly lower growth. …

±gurations, and investigate implications of the initial conditions for convergence and growth. We then proceed to study the … sensitivity of dynamic equilibrium to changes in the population growth rate and explore how differences in demographic … countries that are identical except for population growth rates in much the same way as done in the Heckscher-Ohlin (HO) model …

growth model. This allows to disentangle the interaction between static and dynamic bureaucratic efficiency. The economy is …