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This paper studies the different mechanisms and the dynamics through which demography is channeled to the economy. We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the...
Persistent link: https://www.econbiz.de/10013112451
The aim of this research is to build on a theory for explaining economic development in a (neoclassical) growth model …
Persistent link: https://www.econbiz.de/10012130325
demonstrates how methods and concepts developed in the context of von Neumann-Gale dynamics can be used to develop a theory of …
Persistent link: https://www.econbiz.de/10003961438
In this paper we show that we can replace the assumption of constant discount rate in the one-sector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a...
Persistent link: https://www.econbiz.de/10013318824
A central policy issue in the battle against HIV in Sub-Saharan Africa (SSA) is whether and when high-prevalence countries might become fully autonomous in designing and implementing their own intervention policies aimed to control the disease. The aim of this research is twofold. First, it...
Persistent link: https://www.econbiz.de/10012131225
In this note, we use a technique analogous to Xie's method (1994) to solve analytically the Lucas model with externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are entirely consistent with the findings of the...
Persistent link: https://www.econbiz.de/10014052530
This paper provides the complete closed-form solution to the Lucas two-sector model of endogenous growth. We study the issues of existence, uniqueness, multiplicity, positivity, transitional dynamics and long-run growth, related to the competitive equilibrium paths. We identify the parameter...
Persistent link: https://www.econbiz.de/10014107802
We develop an overlapping generations monetary endogenous growth (generated by productive public expenditures) model with inflation targeting, characterized by relocation shocks for young agents, which in turn generates a role for money (even in the presence of the return-dominating physical...
Persistent link: https://www.econbiz.de/10012237479
the forces that drive economic growth. The two stages of economic development have been indicated in the growth theory of … macroeconomics and in the various "turning point" theories in development economics, including Lewis's dual economy theory, Kuznets … reveals these two stages. Using the two-stage theory of economic development, we find that the People's Republic of China …
Persistent link: https://www.econbiz.de/10011576858
This work examines the impact that economic growth can have on biodiversity and on the ecological dynamics that would naturally emerge in the absence of human activity. The loss of biodiversity may induce policy-makers to implement defensive actions that prevent single species from extinction....
Persistent link: https://www.econbiz.de/10014073340