The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but … cyclical growth is derived. The growth enhancing property of 2-cycles are shown to be retained by any cycle; the results of … simulation exercises carried out are reported to show that for very wide range of parameter values, such cyclical growth paths …

This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth … and development. As an offshoot of the new growth theory of the last two decades a series of contributions have studied … limits-to-growth issue? Does the existence of non-renewable resources have implications for the controversies within new …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …

This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test …

growth with the help of a GMM panel regression including 114 countries. Effects on productivity growth and capital and labor …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly …

, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth … studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all …