-proportions trade vi) the world trade-to-output ratio increases over time. I argue that standard economic theories ignore the vast …

The empirical evidence on the causal relationship between international trade and economic growth is inconclusive …. While some studies show that trade leads to growth, others have pointed to a reverse causation. In this paper we develop a … model of international trade and productivity growth in the presence of a misallocation of resources. Misallocation in a …

Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, labour, knowledge, and physical capital as inputs, the present paper … addresses this critique. We study transitional dynamics and the long-term growth path and identify conditions under which firms …

material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R …&D-based endogenous growth model with exhaustible natural resources, the present paper addresses this critique. We study transitional … dynamics and long-term growth and identify conditions under which firms keep spending on research and development. Long …

, 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 …

pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical … regime. The optimal allocation of pollution permits depends on international trade. In the absence of international permit … trade, more developed countries should receive more permits than the less developed countries but permit prices are higher …

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 …

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 … explores the implications of incorporating the super-multiplier in the Neo-Kaleckian and Cambridge growth models. Lastly, it …