Similar Search Results

Julius, A. J. - 2005

Comparing a process of labor- and capital-augmenting technical change directed by capitalists' maximization of profits with a counterfactual in which decentralized innovation decisions are governed by noncapitalist property relations, I claim that if the two economies start from the same...

Persistent link: https://www.econbiz.de/10014067423

Non-exponential growth theory

Horii, Ryo - 2023

theory where a constant number (not exponentially many) of new goods are introduced per unit of time. Even without …

Persistent link: https://www.econbiz.de/10014432183

The scientific revolution and its role in the transition to sustained economic growth

Lehmann-Hasemeyer, Sibylle H.; Prettner, Klaus; … - 2020

We propose a Unified Growth model that analyzes the role of the Scienti fic Revolution in the takeoff to sustained modern economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to rising...

Persistent link: https://www.econbiz.de/10012204877

Capital- and labor-augmenting technical change in the neoclassical growth model : conference paper

Irmen, Andreas; Tabakovic, Amer - 2014 - Preliminary and incomplete, This version: March 1, 2014

The determinants of the direction of technical change and the implications for economic growth are studied in the one-sector neoclassical growth model of Ramsey (1928), Cass (1965), and Koopmans (1965) extended to allow for endogenous capital- and labor-augmenting technical change. For this...

Persistent link: https://www.econbiz.de/10010490615

Fiscal policy, unemployment insurance, and financial crises in a model of growth and distribution

Hannsgen, Greg - 2012

Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...

Persistent link: https://www.econbiz.de/10009534182

Instability, stationary utilization and effective demand : a synthesis of Harrodian and Kaleckian growth theory

Schoder, Christian - 2012

plausible non-linearities in the investment function, limit cycles consistent with empirical observations for the US can be …

Persistent link: https://www.econbiz.de/10009672476

Quantitative Evidence of Goodwin’s Non-Linear Growth Cycles

García Molina, Mario - 2010

The article searches for quantitative evidence in favor of an extended version of Goodwin´s predator-prey model of endogenous distribution-employment cycles for 16 countries. The model is extended to include several harmonics in both series. The model fits all the observations both within...

Persistent link: https://www.econbiz.de/10013137569

Goodwin cycles and the BoPC growth paradigm : a macrodynamic model of growth and fluctuations

Dávila-Fernández, Marwil J.; Libânio, Gilberto de Assis - In: Economia : revista da ANPEC 17 (2016) 3, pp. 324-339

The paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, technological progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime and the distributive conflict generates cyclical...

Persistent link: https://www.econbiz.de/10011865759

Finance in a Classical and Harrodian Cyclical Growth Model

Moudud, Jamee K. - 2000

based on a social accounting matrix (SAM) with endogenous money. Investment in circulating capital adds to output and … investment in fixed capital adds to potential output. Driving the model's fast adjustment process, which describes the … the bond market and lowers the interest rate. The model's slow adjustment process entails adjustments in fixed investment …

Persistent link: https://www.econbiz.de/10014173047

Why is Productivity Cyclical? A Neoclassical Model of TFP Growth and the Business Cycle

Gracia, Eduard - 2007

The Real Business Cycle (RBC) models a neoclassical system impacted by random changes on Total Factor Productivity (TFP) caused by exogenous "technology shocks." Its success in calibration tests confirms TFP's crucial role in the cycle yet, by assuming it exogenous, it requires its shocks being...

Persistent link: https://www.econbiz.de/10014225116