The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …

purposes. The resulting dynamics reproduce a long period of stagnant growth as well as an endogenous and rapid transition to a … situation characterized by permanent growth. This transition can be interpreted as industrial revolution. Historical and …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …

experience. -- Human capital indicators ; regional growth …

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures … optimal policy mix is likely to entail huge welfare gains. -- Economic growth ; endogenous technical change ; optimal growth …

There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … production in the more flexible sector more intensive in the input that becomes more abundant. As a result, growth rates of …

literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …