economic growth. The theoretical literature has treated these two channels separately, with natural resources affecting growth … that in turn affect growth. Whether natural resources stimulate growth or induce a poverty-trap crucially depends on … inequality and higher cost of political participation, a high-growth and a poverty-trap equilibrium co-exist even with abundant …

The aim of this paper is to analyze the relationship between competition and growth in a model of human capital … specialization in order to have a better measure of competition. We find that the steady-state output growth rate depends on the … between competition and growth is inverse U shaped. This result that seems to be in line this empirical results (Aghion and …

economic growth and unemployment. We provide a theoretical model that explains the technology-bias and its development. We …-results. Last not least, we discuss the implications of our findings for the existing growth literature and structural change …

In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three …

We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and …

uncertainty, a stochastic dynamic growth model with the public sector is examined. It is shown that deterministic excessive red … tape and corruption deteriorate the growth potential through income redistribution and public sector inefficiencies. Most … accumulation, thus leading to lower growth rates. …

environment affect the causality relationship between banking development and economic growth? In the theoretical part, we develop … an endogenous growth model where the institutional environment is captured through two indicators: the judicial system …. First, it intensifies the causality direction from banking to economic growth through a reduction of defaulting loans …

Standard growth theory is based on atomistic agents with no strategic interactions among them. In contrast, we model … growth as resulting from a one-off, strategic game between workers and owners of capital (capitalists) on factor shares, in … an otherwise standard AK growth model. The resulting distribution of income between factors further determines the …

To shed lights on growth, distribution and the relationships between the two, we develop a growth model with … pain from loss of status, we show that ambition of individuals plays an important role regarding growth and distribution …: ambition can inhibit or foster accumulation of wealth, then in turn growth. In such a context, we show that growth can be …