physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

This paper studies the effects of distortionary taxes and public in- vestment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy affects growth in two respects: .rst, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy affects growth in two respects: first, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …

This North-South model of Schumpeterian endogenous growth combines a market, productivity and knowledge effect. A set … of various convergent and divergent growth paths is derived that is much richer than in the literature so far. South …. Not only a larger Southern market size, but also a higher Southern steady state growth rate benefit the North so that …

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …