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 …

A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is … growth rate of the economy decreases. The growth cycle can be socially optimal. An elasticity rule is given for when the …

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 …

This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …

by political authorities which forces the economy to make a transition to cleaner production processes. We model this … transition as a change in "general purpose technology" (GPT) and investigate how it interferes with economic growth driven by … qualityimprovements. The model gives an explanation for the inverted U-shaped relationship found in empirical research for many pollutants …

introduced by which society forces the economy to make a transition to cleaner production processes. We model this transition as … a change in "general purpose technology" and investigate how it interferes with economic growth driven by quality …-improvements. The model gives an explanation for the inverted U-shaped pollution-income relation found in empirical research for many …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

different sectoral productivity growth rates. The model is capable of theoretically replicating the dynamics of structural … becomes crucial. In the present work, we develop an agent-based model (ABM) where structural change is driven by income and … calibrated the model's parameters, so that the artificial employment share trajectories would match those of Sweden for the …

testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the … Neo-Kaleckian model. This paper reviews and empirically tests the validity and the policy conclusions of the two models in … the Euro Area. First, we theoretically assess whether the SSM may con stitute a complex variant of the Neo-Kaleckian model …

imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic … growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions … under which missing or imperfect credit markets increase economic growth and do not hinder dynamic efficiency. We also show …