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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
shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …This paper links the super-multiplier to Keynesian macroeconomics, showing it to be the most Keynesian of growth … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then …
Persistent link: https://www.econbiz.de/10011927111
We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role …. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial … two regimes emerges. We show that history matters and that the emergence of the low-growth regime is feasible. Furthermore …
Persistent link: https://www.econbiz.de/10010405331
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/10003779148