Over the decades, the views on the interrelation between poverty reduction, inequality and growth have undergone different waves within the development community. Development discourse in the decades after the Second World War was largely framed by Kuznets' model. This model proposed rising...

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...