This paper presents a tractable endogenous two-sector growth model with non-Gorman intra-temporal preferences and … with a low initial stock of knowledge, households are relatively poor and a high expenditure share is devoted to …. According to Engel's law, growth in income increases the expenditure share of the luxury sector. Biased technical change …

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to … analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and …

economic growth and unemployment. We provide a theoretical model that explains the technology-bias and predicts its development …-results. Last not least, we discuss the implications of our findings for the existing growth literature and structural change …

, automation capital, and population growth. In the empirical analysis, we find indications for cointegrating equations for the … step, we present a standard neoclassical growth model augmented by automation capital and capital adjustment costs that is …

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can …

This paper develops a comprehensive endogenous growth framework to derive the optimal growth policy. The analysis is …

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … slowdown in the modern sector. Eventually, economic growth may cease in the long-run. We also show that land dilution from a …

induces growth of the general knowledge base. The growing knowledge base forces small firms using the least knowledge … endogenous economic growth. I develop a dynamic general equilibrium model with heterogenous firms to analyze firm behavior in an … economic environment that is characterized by a growing knowledge base. It uses a simple mechanism of knowledge diffusion that …

A core mechanism of unified growth theory is that accelerating technological progress induces mass education and, in … period 1750-2000, we test, for the first time, the validity of this core mechanism of unified growth theory. We measure a …