trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current … consumption growth is significantly lower than the one of output growth is explained by the model. Fourth, net exports are …

based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment …

There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over …, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in … the upstream sectors. Sectoral TFP growth rates are thus interrelated. Solving the intersectoral TFP equation resolves …

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 …

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 … growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

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 …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …