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This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the …
Persistent link: https://www.econbiz.de/10005797820
growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of …
Persistent link: https://www.econbiz.de/10005124062
We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of … capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical … to those found in the perfectly competitive one-sector growth model: there is a unique stationary equilibrium which is …
Persistent link: https://www.econbiz.de/10005124443
We develop a New Economic Geography and Growth model which, by using a CES utility function in the second … sufficiently good substitutes; 3) the regional rate of growth is affected by the interregional allocation of economic activities … even in the absence of localized spillovers, so that geography always matters for growth and 4) the regional rate of growth …
Persistent link: https://www.econbiz.de/10005049476
necessarily realize their latent high growth potential. In the model, at a good equilibrium a large number of children of well …
Persistent link: https://www.econbiz.de/10005677863
This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … transition: a rapid decline in fertility accompanied by accelerated output growth. …
Persistent link: https://www.econbiz.de/10005498148
This paper investigates the empirical validity of different classes of 'development trap' models of economic growth …
Persistent link: https://www.econbiz.de/10005585000
This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of measuring and evaluating. In Part II (Sections 4-7) I identify a minimal set...
Persistent link: https://www.econbiz.de/10010746162
The paper investigates the local dynamics of a simple growth model with a public health factor. A notable feature of … contributes to labor productivity growth. From a three-dimensional dynamic system that includes physical capital, public health … undiversified growth pattern when converging on high- and low-growth equilibria. Our striking result has important implications in …
Persistent link: https://www.econbiz.de/10010597492
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114