The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

Until now, in models of endogenous growth with physical capital, human capital and Ramp;D such as in Arnold [Journal of … Macroeconomics 20 (1998)] and followers, steady-state growth is independent of innovation activities. We introduce absorption in … an effect of Ramp;D in growth, consumption and welfare. We compare the quantitative effects of Ramp;D productivity with …

Aging of the population will affect the growth path of all countries. To assess the historical and future importance of …. We first simulate an endogenous growth model with human capital linking demographic changes and income growth. Rising … longevity increases the incentive to get education, which in turn has ever-lasting effects on growth through a human capital …

show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …, of the level of human capital on the level of income but no effect on underlying productivity growth. Our preferred … empirical analysis of economic growth. …

about the evolution and dynamics of output growth? Largely, no. Second, the existence and magnitude of output externalities …

trajectory and the key sources of growth is important for the design of policies to counteract these adverse long-term trends …. For this purpose, we develop a novel long-run forecast framework based on enodogenous growth theory with human and fixed … prevented by increasing fertility, skilled immigration, education or employment, even reaching a growth rate of one per cent …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …