This paper suggests spatial models as an alternative to the Armington approach to model bilateral trade. While the use …

A growing strand of literature highlights that skilled migration mayfavour growth-enhancing technology transfer, trade …

In this paper, I present a theory of dynamic economic growth, business cycles, and asset pricing that integrates (1 …

This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth with a representative agent whose …

capital stock is on average the same as in the deterministic Ramsey growth model. However, with prospect theory one can expect …

-run uctuationson the long run dynamics by aecting the mechanisms underlying structuralchange. To full this aim, we revert to a growth … nal and intermediate demand as aecting macro-economic growth,through the structural change of the economy. This work is in … explaining economic growth. This model directly extends the one presentedin Lorentz and Savona (2008). The paper reverts to …

-age dependency ratio on the composition ofgovernment spending and endogenous economic growth. Forward-looking agents vote eachperiod … effect on long-term economic growth is positive. This is dueto reduced capital dilution or increased saving.[...] …

In a neoclassical economy with endogenous capital- and labor-augmentingtechnical change the steady-state growth rate of … of Klump and de La Grandville (2000) that the elasticity of substitutionis a powerful engine of economic growth. However …, unlike their ndings my resultapplies to the steady-state growth rate. Moreover, it does not hinge on particularassumptions on …