This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of …

We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate … ensures that the model features endogenous growth. The rewards to rent-seeking accrue during youth and part of the additional …-seeking increases the steady-state economic growth rate in the benchmark model. We identify three main mechanisms affecting the growth …

in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as … public abatement policies. -- Socially responsible investment ; economic growth ; environmental economics ; resource dynamics …

an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension … policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility … that the growth rate is higher under PAYG. We also consider the implications of an increase in the retirement date under …

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties … economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …

We develop an endogenous growth model to quantify how permanent structural policy changes that enhance the fiscal … policy mix, markets' functioning, and public institutions' quality affect long-term growth and welfare. The reforms include … and welfare gains along the transition and balanced growth paths. In contrast, a lower markup in the research sector hurts …

Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital … observed variation in these aggregates. We find that while neither of the workhorse growth models uniformly dominates the other … explaining the observed variation in investment and hours. -- endogenous growth ; human capital ; real business cycles ; Bayesian …