Recent literature on economic growth points towards the possibility of the existence of multiple equilibria, under … certain conditions. In this paper we use a growth model with a public health infrastructure to analyze, in detail, its local …, meaning that the so called “growth miracles” in some literature may be less likely to occur. Numerical computations illustrate …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …