Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the … demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across … these trends. The interplay of differences in productivity growth and in the substitution elasticity across sectors drive …

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … growth rate is. The paper tackles the apparent following paradox. Knowledge diffusion seems to lead to scale effects; however … a scale-invariant fully endogenous growth model is to assume no inter-sectoral knowledge diffusion. However, this …

challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda …Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the … for the coming decades. We study how more and better human capital can contribute to knowledge accumulation and structural …

challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda …Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the … for the coming decades. We study how more and better human capital can contribute to knowledge accumulation and structural …

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the … concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly … considering knowledge diffusion on a Salop (1979) circle. Completing markets by pricing knowledge allows us to compare the private …

This paper argues that growth theory needs a more general "regularity" concept than that of exponential growth. This … offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero … population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of "regular growth". …

fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to … endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment …

fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to … endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment …

We introduce distributive justice into a simple model of growth and distribution. Two groups (‘classes’) of otherwise … supplies one unit of labour inelastically and desires a wage; and that the labour share impacts growth negatively in our ‘AK … conflict is resolved by the two positive and three normative criteria we consider. Thus, the macroeconomy (growth, factor …