issue of productivity catching-up, international specialisation and labour market effects in a dynamic multi …. These Schumpeterian features are the impact of transitory rents, emerging from (labour) productivity-enhancing technological … progress or catching- up processes, upon the price-, wage- and quantity system of the trading economies. Relative productivity …

The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …