Elevated levels of government debt raise concerns about their effects on long-term growth prospects. Using the cross … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can … government debt and future growth …

increasing globalisation. In this paper we extend this type of analysis and integrate the effects on productivity growth …, theoretically and empirically. Productivity growth is introduced into the theoretical model making use of the Verdoorn effect or of … Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …

profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation …