In industrial economies, firms build their market position by consistently investing in R&D over time and accumulating knowledge protected by secrecy, patents and other appropriability devices. To explore the macroeconomic implications of this fact, I construct an economy where oligopolistic...

We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...

We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...

This paper introduces unfunded pay-as-you-go public pensions in a two-period overlapping generations economy with endogenous lifetime à la Chakraborty (2004). We study the transitional dynamics and steady states outcomes showing that the public provision of health services may have not only the...

This paper provides practical tests for the robustness of multidimensional comparisons of well-being. Focussing on counting-type multidimensional poverty measures, I draw on the properties of positive Boolean threshold functions to prove that the space of feasible poverty definitions is finite...

This paper presents the Philippine hunger and poverty condition. It explores on the causes of the poverty and the impact of the price changes in the hunger incidence. Policy promulgations were found to primarily cause hunger and poverty in a country with high-wealth concentration. An economic...

Using a CGE model, this study analyses the impact of trade liberalization on poverty at the household level taking Ethiopia as a case. Two scenarios (complete tariff cut and uniform tariff scheme) suggest that further liberalization of trade has little short-run effect on the overall economy....