-Todaro model with an urban non-agricultural sector and rural agriculture. It is shown that capital accumulation or technical … progress in agriculture can shift the Lorenz curve inwards and reduce wage inequality, while the effects of development in non-agriculture …

&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles … and growth is presented where the determinants of the cyclical behaviour of R&D investment are analytically studied …

Consumption and investment comove over the business cycle in response to shocks that permanently move the price of … investment. The interpretation of these shocks has relied on standard one-sector models or on models with two or more sectors … commingling of sectoral outputs in the assembly of final consumption and investment goods, in line with the U.S. Input …