entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to …

uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … demonstrates how the role of the personal income distribution for an economy?s process of development through risky human capital … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

This paper demonstrates that the role of the personal income distribution for an economy's process of development … that the impact of higher inequality on the aggregate human capital stock, and thus, on growth is positive under rather …

uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … demonstrates how the role of the personal income distribution for an economy’s process of development through risky human capital … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … slowdown in the modern sector. Eventually, economic growth may cease in the long-run. We also show that land dilution from a …

economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …