We survey the rich literature studying the behaviour of labor shares in recent decades. To explain their dynamics – the main feature being the decline of European and American shares starting in the 1980s – such literature considers models that use either neoclassical or Leontief-type...

We survey the rich literature studying the behaviour of labor shares in recent decades. To explain their dynamics – the main feature being the decline of European and American shares starting in the 1980s – such literature considers models that use either neoclassical or Leontief-type...

We discuss the case when the sum of the growth rate of productivity and that of the labour force is an increasing function f of the actual growth rate of income y. We show that a natural rate of growth is a solution of the equation y =f(y); hence its endogeneity to y requires the unlikely case...

Gli autori riconsiderano il dibattito che ha visto la contrapposizione tra modelli di crescita « trainata » dalle esportazioni (ELG) e modelli di crescita « limitata » dal vincolo della bilancia dei pagamenti (BCG). Tipicamente i modelli ELG (Beckerman, Lamfalussy) sottolineano il ruolo...

The mathematical models dealing with the dynamic stability of production prices are of two types: models of cross-dual dynamics and models of full cost. This paper examines both types of models, but the main effort is devoted to discussing the former. An analytical framework is built, within...

This paper proposes a stylized (hence very partial) explanation of the experience of those economies which, like the East Asian newly industrializing economies, managed to create an economic take-off, characterized by a rapid expansion of manufactured exports, and to maintain for many years a...