±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 … characteristics across countries may create the basis for long-run comparative advantages opening the way for free trade between two …

international trade within an overlapping-generations (OLG) framework, by assuming that one of the trading partners has the power to … set the terms of trade (i.e., is large) at the beginning. The two countries considered are assumed to be identical in … autarky and trade and unequal population dynamics are shown to affect the relative abundance of the factors of production in …

on a Ramsey type economic growth model, on the one hand, and on the balance of payment concept, on the other hand. The … autonomously optimizing agents. The core element is a trade module which is an iterative algorithm that can be conceived as … effects. Results,from numerical model experiments, depicting welfare and terms of trade implications, are presented for cases …

In the last half of the 1990s, labor productivity growth rose in the U.S. and fell almost everywhere in Europe. We … document changes in both capital deepening and multifactor productivity (MFP) growth in both the information and communication … technology (ICT) and non-ICT sectors. We view MFP growth in the ICT sector as investment-specific productivity (ISP) growth. We …

sensitive to this aspect. The introduction of congestion decreases the steady state growth rate of the economy. The relative … of fiscal policy and the tradeoffs these involve for economic performance, especially growth and welfare. …

This paper presents a growth model where the technological externality (learning-by-doing) generated by ICT is the key … consuming aims. Therefore, hi-tech consumption may emerge as a complementary source (with respect to investment) of growth in …