productivity of the sector producing the infrastructure. We show that this economy displays perpetual growth whenever the share of … conditions under which the tax rate is growth maximizing. …

We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects … that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also … study the growth effects of permanent technological and fiscal policy shocks in these two economies. During the transition …

observed within countries over time. The model employs a dual-economy structure with formal and informal sectors. Growth is …Please do note quote without permission of author. - This paper constructs a simple model that can account for both the … negative relationship between growth and income inequality observed in the cross-country data and the positive relationship …

We investigate the Ramsey-like dynamics of nonrenewable resource abundance on economic growth and welfare in a two … result of Rodríguez and Sachs (1999) that the initial stock of the resource influences negatively the GDP growth of the … effect on the growth rate of the resource-rich country provided the elasticity of the initial price of the resource with …

This paper presents an endogenous growth model where, in line with the recent empirical evidence, the … telecommunications industry (telecom) is an engine of growth. In such a framework, this paper analyzes the channels through which telecom … contributes to economic growth and focuses on market structure analysis for telecom, in the light of the recent changes in it …

-augmenting technology choice by monopolistically competitive firms. The setup is framed within the standard Dixit and Stiglitz (1977) model …

This paper proposes an AK-model with endogenous time preferences and borrowing constraints. It is assumed that the … balanced-growth equilibrium paths, on which the population splits into two groups ? the rich and the poor. Then we study …

This paper offers an alternative way, based on the logistic population growth hypothesis, to yield transitional … dynamics in the standard AK model with exogenous savings rate. Within this framework, we show that the dynamics of the capital … stock per person and its growth rate can be non-monotonic over time. Moreover, even in the presence of negative growth, the …

construct an open economy model with home production. We discuss both long-run and short-run impacts of fiscal policies such as …

Why doesn’t capita flow to developing countries as predicted by the neoclassical model? Is the explanation simply that …