Economic growth has traditionally been analyzed in the temporal domain, while the spatial dimension is captured by cross-country income differences. Data suggest great inequality in income per capita across countries, with a slight but noticeable increase over time (Acemoglu 2009). Seeking to...

The work studies the properties of a coordination game in which agents repeatedly compete to be in the population minority. The game reflects some essential features of those economic situations in which positive rewards are assigned to individuals who behave in opposition to the modal behavior...

In this note I develop two approaches to rule out the overconsumption paths in the Ramsey model with irreversible capital. The ørst focuses on the multiplier of the irreversible constraint and is applied to the situation where preferences are CES and the production function is Cobb-Douglas. The...

On this, the 20th anniversary of the untimely death of Krishna Bharadwaj, I try to reconsider some theoretical aspects of her fundamental contributions to capital theory by showing how applicably relevant they are, in modern contexts. Krishna Bharadwaj had an admirable mastery of Sraffian...

Dans cet article, nous tentons d’évaluer les effets de la corruption sur la croissance, le bien-être et la pauvreté au Sénégal à l’aide d’un modèle d’équilibre général calculable dynamique. Les résultats de nos simulations montrent qu’une fuite de 10% d’investissements...

In a recent published paper, Bethmann analyzed a stylised Robinson Crusoe economy, defining the state-like and control-like variables and then introducing the value-function-like function. He claims in the final section, that even if the model can be solved explicitly, but with complicated...