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 …

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 …

productive. In this case along a balanced growth path the tax has to increase to keep the market shares of goods of different … vintages constant. An increase in the burden of taxation lowers output on impact but, comparing balanced growth paths, we find … that it spurs innovation. Through this channel environmental policy may increase the growth rate of the economy. …

This paper addresses the question of sectoral specialisation mechanisms and effects on growth rate differences … providing an alternative approach to endogenous growth processes. The framework we choose draws on the Kaldorian cumulative … causation approach to growth and the evolutionary modelling of technical change and industrial dynamics. The framework developed …