We study the effects of capital mobility in a two-country economy with endogenous growth. In contrast with standard endogenous grwoth settings, this model can account for intentional private capital flows from rich to poor countries, and the impact of these flows on growth can be analyzed.

The last twenty years have seen a rise of inequalities and a slowdown of growth in the US and Europe. It is common wisdom to interpret the rise of inequalities as the result of a skill-biased labor demand shift. While there is a strong evidence that such a shift has happened, this overlooks the...

This paper examines the transitional dynamic of a poor region during its development proces. In order to achieve this goal, the paper use a simple model of growth whose the main particularity is to employ a Stone-Geary form to caracterize the preferences. The model predicts two kinds of...

This paper investigates and provides a comparison of the short- and long-run effects of technological progress on employment. It presents a simple standard model of matching unemployment that captures the negative creative destruction effects of technological change on employment. In the...

In discrete three-dimensional dynamical systems frequently encountered in dynamic general equilibrium models, local indeterminacy -sunspot equilibria - and local bifurcations -endogenous deterministic fluctuations - issues are quite difficult to handle. Pitfalls derive from the fact that in...

The attitude of future generations towards environmental assets could be different from ours, and it is necessary to take into account explicitly this possibility in the current debate about environmental policy. The question we address here is : should uncertainty about future preferences lead...

his empirical study consists of an econometric test of the complementary effect of trade and education on long run growth. The tests are perfomed using a mixed specification built on the Benhabib and Spiegel [7] model and include an estimator of trade openness. Regressions are run on a long term...

This paper develops a two-sector overlapping generations model in which one sector produces an externality on the environmental quality and the other has no effect. We assume that environmental quality degradation results from production activity of one sector. Then, we characterize the...