Batabyal, Amitrajeet A.; Nijkamp, Peter - In: International Regional Science Review 35 (2012) 3, pp. 339-361
employment. Finally, the authors show that a decline in the time discount rate increases the average growth rate and the average …The authors provide the first theoretical analysis of a one-sector, discrete-time, Schumpeterian model of growth in a … regional economy in which consumers are risk neutral, there is no population growth, monopolistic entrepreneurs produce …
