higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

transition as a change in "general purpose technology" (GPT) and investigate how it interferes with economic growth driven by …

sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …

a change in "general purpose technology" and investigate how it interferes with economic growth driven by quality …

-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, the present paper addresses this critique. We study transitional … dynamics and long-term growth and identify conditions under which firms keep spending on research and development. Long …