knowledge distribution affects the growth rate. A change in the distribution not only affects the occupational choice of agents …We develop a two sector growth model to understand the relation between inequality and growth. Agents, who are endowed … with different levels of knowledge, select either into a retail or a manufacturing sector. Agents in the manufacturing …

In this paper we show that the R&D effort of a country and its economic growth are highly correlated. In order to … low growth environment due to the uncertainty associated with the researching activity. In this situation, the economy … sufficiently, then the risk associated with R&D activities drops and the economy hires more researchers. Consequently, growth does …

-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …

This paper surveys new growth theory with emphasis on three open issues known from old endogenous growth theory of the … specifications of production functions for technical progress? We show that new growth theory has made progress on the first two …

We develop an endogenous growth model with two sectors, manufacturing and non-manufacturing. The manufacturing sector … is the source of the balanced productivity growth. We study how the economy responds to shifts in sector … employed in the manufacturing sector follows an inverted V curve, and that the growth rate increases. Thus, the model captures …

-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is … a natural tendency for core-periphery structures to emerge in modern knowledge-based economies. …

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 …

over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive … connection between accumulation regimes and growth. The standard model will be modified by means of the introduction of a non …, showing that a higher growth rate is possible only by means of a devaluate real exchange rate. The empirical results show a …

In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the … industrial structure affects the growth rate of the economy. If there is monopolistic competition only in an intermediate goods … sector, then production growth coincides with consumption growth. Moreover, the pattern of growth depends on the particular …