subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital …

This study examines growth cycles in a simple discrete-time two-country model of in- novation. In this setting, we find … that there are two key driving forces that give rise to cycles. They are perfect international capital mobility and perfect … international knowledge spillovers. In addition, this study shows that the opening of trade can create cycles in both countries …

that indeterminacy of steady states and cycles can easily arise with constant or decreasing social returns to scale, and …

aggregate saving rate to fluctuate, which leads to cycles in the capital-labor ratio. When all agents delay childbearing, we … positions in the demographic cycles. The effects of lower lifetime fertility and technological progress are also examined. …

If children inherit life standard aspirations from their parents, their savings are affected and cycles may appear in …