I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression … greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth. …

This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard … geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a …

This paper presents a New Economic Geography model of structural change, agglomeration and growth. By assuming the same … dispersed to an urbanized regime. However, the introduction of capital accumulation and the dynamic setting of our model open … time. Second, the introduction of non-homotheticity introduces a new channel through which growth is affected by trade …

between primary and secondary sectors in the growth process. In the case of primary and tertiary sector services, though the …. However, results based on error correction model indicate a weak association between the sectors in the short run. Though the … missing for a relatively faster adjustment towards long run equilibrium rate of growth. …

model, where the economy is always on its balanced growth path, we show that there are transitional dynamics after an …The paper studies the dynamics of economic growth caused by an increase in the growth rate of tourism demand. We … develop a simple dynamic model of a small open economy, which is completely specialized in the production of tourism services …

China’s unbalanced growth strategy has seemingly fostered growing inter-regional growth disparities and there is little …-term fluctuations in economic growth, standard convergence tests, however, may be ill specified to detect underlying long-term growth … trends in small samples. Our paper suggests a novel approach to distinguish between long-term growth trends and short …

neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many … different purposes. As a working object it enabled experimentation with long-run equilibrium growth. As an instrument of …

Growth Model (CGM) and finds that use of the CGM in place of a value-added model depresses the evaluation scores for teachers …This working paper compares teacher evaluation scores from a typical value-added model with results from the Colorado …