start-up activities may be assumed to reveal those effects. We introduce an empirical testable model inspired by the New …

market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close-to-reality-model …. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … cultural "milieu" effect) of the modern diverse city. To this end, we operationalize one model with data on the 'melting pot …

(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 … model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses … the model of quality improvements todescribe obsolescence. If the maintenance costs become too high, the operating profits …

This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of … 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 … rate. Given model complexity,numerical experiments areperformed as well, providing relevant insights to the academic …