equilibria. They also imply that factor distribution of income has an important impact on growth. Finally, the paper derives new …

's approach and suggests an even more important role for human capital in economic growth than indicated by their analysis. (JEL I …

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of … models, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital … consistent with US data. In particular, the model generates more rapid growth of employment in less capital-intensive sectors …

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of … models, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital … consistent with US data. In particular, the model generates more rapid growth of employment in less capital-intensive sectors …

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of …, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital share … in national income. Finally, we construct and analyze a model of “nonbalanced endogenous growth,†which extends these …

. Economic institutions encouraging economic growth emerge when political institutions allocate power to groups with interests in …