The nature of energy and material resources in an endogenous growth theory framework is clarified. This involves three … modifications of the conventional theory. Firstly, multiple feedback mechanisms or “growth engines” are identified. Secondly, a … of production through demand on growth is accounted for. A formal model is analytically solved under a condition of a …

modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a … ofproduction through demand on growth is accounted for. A formal modelis analytically solvedunder a condition of a constant growth …

This paper examines the effects of taxation on long-run growth in a two-sector endogenous growth model with (i … - distinguishes between the case with a unique (interior) balanced growth path and the case with multiple balanced growth paths. Due …. In the case of income taxation, where capital and labor income are taxed equally, the resulting effect on the growth rate …

growth model of expanding product varieties. This contrasts with the existing literature, which ignores maintenance costs and … the return on investment in research and development and the growth rate of the economy. <BR><BR> …

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. …

We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth … investment in research and development and the growth rate of theeconomy. …

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. …

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 …

In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …

In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …