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 …

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 …

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 …

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 …

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 …

pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …

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

, 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 …

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