I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression … greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth. …

This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard … geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many … different purposes. As a working object it enabled experimentation with long-run equilibrium growth. As an instrument of …

obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …

0.35 and 0.5 with empirical evidence that the IES is large. We do this reconciliation using a model in which all agents … specifications of the model with small values of the IES are more plausible than specifications with a large IES. …

distribution, growth and international specialization. The model is explored both for the steady-state properties and the …This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …

open neoclassical growth model that is extended by a Pissarides-style labor market matching approach. In the general … equilibrium model, the labor market of the three factor growth model is characterized by immobile heterogeneous jobless workers … growth condition, an increase in technical progress implies a favorable capitalization effect respectively an unfavorable …

How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching-model …

of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers … characterized by high steady-state levels of capital intensities the model shows that, due to a capitalization effect and a … Innovationsländer, die durch hohe gleichgewichtige Kapitalintensitäten charakterisiert werden können, wird in dem Model gezeigt, dass …