education. Public education is favourable for growth because it increases the level of human capital and at the same time it … more political support for education; increased political rights are good for growth and also imply a more equal income …. The main results are that for a given structure of political rights, more inequality may be good for growth if it implies …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …

We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free … by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it … impact effect of free inventions on growth is positive. …

Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … endogenized, the satiated equilibrium generically survives. For some parameter values, its growth rate is positive while labor … supply declines over time to zero. Its growth rate is then lower than that of the non satiated equilibrium. Hence, the …