Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on … firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment … hubs are an important contributor to regional economic growth. …

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 …

modifications of the conventional theory. Firstly, multiple feedback mechanisms or "growth engines" are identified. Secondly, a … production through demand on growth is accounted for. A formal modelis analytically solvedunder a condition of a constant growth … rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the academic and …

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 …

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 …

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 …

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. …

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