This paper constructs a model of non-balanced economic growth. The main economic force is the combination of …, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital share … in national income. Finally, we construct and analyze a model of “nonbalanced endogenous growth,†which extends these …

the ultimate macroeconomic growth effects of employer-based systems. Is it possible that moving away from a system of … employer-provided health insurance could increase employment and economic growth? Moreover, what are the implications for …

generated knowledge for all sectors, being overall the main engine of growth. Using Samuel Kortum’s data on patent production …In this paper I estimate unobserved labor-generated knowledge spillovers within and among six large macroeconomic … sectoral knowledge spillover matrices that show that changes in the magnitude and direction of spillovers are associated to the …

This paper proposes the view that financial development and economic growth are linked through the characteristics of … notion that financial development promotes economic growth only to the extent that it enhances the adoption of new …

discuss its implications for long-run economic growth. …