start-up activities may be assumed to reveal those effects. We introduce an empirical testable model inspired by the New …

market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close-to-reality-model …. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … cultural "milieu" effect) of the modern diverse city. To this end, we operationalize one model with data on the 'melting pot …

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

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 …

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

growth model of expanding product varieties. This contrasts with the existing literature, which ignores maintenance costs and … uses the model of quality improvements to describe obsolescence. If the maintenance costs become too high, the operating … 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. …

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 …

of production through demand on growth is accounted for. A formal model is analytically solved under a condition of a … constant growth rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the …The nature of energy and material resources in an endogenous growth theory framework is clarified. This involves three …

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 …