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&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …
Persistent link: https://www.econbiz.de/10011325110
dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …
Persistent link: https://www.econbiz.de/10011422187
&Dbased endogenous growth model with exhaustible natural resources, labour, and knowledge capital as inputs, the present paper addresses … material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R … this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms keep …
Persistent link: https://www.econbiz.de/10011753091
that the post-Kaleckian model is able to cover many, but not all of the results generated by the old neoclassical growth … model, new neoclassical growth theories, classical/Marxian distribution and growth approaches, and post-Keynesian Kaldor …Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their …
Persistent link: https://www.econbiz.de/10011449878
&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …
Persistent link: https://www.econbiz.de/10011592713
&D-based endogenous growth model with exhaustible natural resources, the present paper addresses this critique. We study transitional … material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R … dynamics and long-term growth and identify conditions under which firms keep spending on research and development. Long …
Persistent link: https://www.econbiz.de/10011793158
improvements in goods quality and new products. I present an augmented standard model that incorporates these features and jointly …
Persistent link: https://www.econbiz.de/10011742669
, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …
Persistent link: https://www.econbiz.de/10011810111
pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …
Persistent link: https://www.econbiz.de/10011920831
Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … condition requiring the growth of employment equal effective labor supply growth. Consequently, the models can have an imploding … paper applies the concept to several different PK growth models. In the Harrod, super-multiplier, Cambridge, and neo …
Persistent link: https://www.econbiz.de/10011926923