We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …

The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …

. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the … endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of … models, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital … consistent with US data. In particular, the model generates more rapid growth of employment in less capital-intensive sectors …

questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We …In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by … several knowledge and innovation indicators, ranging from R&D expenditures, patent data, to newly released data on different …

In recent decades, most industrialized countries experienced declining population growth rates caused by declining …-run economic growth by setting forth an R&D-based growth model including an analytically tractable demographic structure. Our … results show that, in response to demographic change, technological progress and economic growth accelerate in the medium run …