technologies as one of major drivers for growth, especially in developing countries. However, while adopting a new technology … these features, the paper has employed a Nelson-Phelps catch-up equation in an AK growth model. This model presents some … of a productivity slowdown and nonmonotonic transition toward a balanced growth path, due to the adoption cost. The …

-income countries. From the perspective of growth theory, the productive-consumption hypothesis is of fundamental interest because it …-consumption hypothesis into a simple endogenous growth model reveals the following implications: (a) the possibility of a poverty-trap, (b … rising saving rate, and (e) transitional dynamics to an asymptotic balanced growth equilibrium. …

We use an overlapping generations model of human capital accumulation to study the impact of the AIDS crises on growth … in countries like Zambia and Botswana, growth rates of per capita income drop about 30-40%. Moreover, the growth rate …

Growth is endogenous in small open economies with substantial hidden or open unemployment, even under constant returns … to scale. Growth promoting policies, however, have implications for the balance of trade, and two instruments are needed … in order to achieve targets for both the growth rate and the balance of trade. The real exchange rate can serve as one of …

barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … toward China's admission to the WTO it does not contribute much to real per capita GDP growth. During this transition process …

We set up a unified growth model with gender-specific differences in tastes for consumption, fertility, education of … education, and sluggish economic growth towards a state of low fertility, high education, and fast economic growth if the child …