economic growth? Hypotheses concerning all three issues are formulated setting up a new two-equation model. We findconfirmation …

effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which … allows us to estimate the model in the structural form suggested by theory. The methodology is applied to micro data from a …

Using a unique panel data set for rural households in Zimbabwe we estimate amicroeconomic model of growth under … shocks have strong and persistent effects. In this model shocksaffect aggregate growth both ex ante and ex post. These …

for richer forecasting specifications, the paper shows, using Bayesian model averaging techniques (BMA), that the …

We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both … an evolutionary model with agentbased microfoundations. At the core of the model we take into account: (i) firmlevel … income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links …