(Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models …

We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth … investment in research and development and the growth rate of theeconomy. …

economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan …

We develop a two-sector endogenous growth model with a dual labour market resulting from the presence of an effort …-competitive wage differential between sectors and a monitoring intensity that is a source of fixed costs for the firm. Growth is driven … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

structural change in industrial import patterns is in principleambiguous. A standard empirical growth model is augmented by … activitiesimpact differently on economic growth is tested on a sample of 45 countries (OECD members andselected Asian and Latin … estimation pointtowards a positive long-run growth effect arising from trade specialization in medium …

This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical … thecase with a unique (interior) balanced growth path and the casewith multiple balanced growth paths. Due to the flexibility … incometaxation, where capital and labor income are taxed equally, theresulting effect on the growth rate is negative. The …

modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a … ofproduction through demand on growth is accounted for. A formal modelis analytically solvedunder a condition of a constant growth …