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Endogenous Growth : A Kaldorian Approach

Setterfield, Mark - 2010

This paper explores the Kaldorian approach to endogenous growth theory. The central principles of this approach are explored, including the claims that growth is: (a) demand-led, with trade playing a central role in aggregate demand formation; and (b) path-dependent. It is shown that both the...

Persistent link: https://www.econbiz.de/10014195645

Financial Innovation and Economic Growth - A Theoretical Approach

Mishra, P. K. - 2009

This paper studies the economic growth implications of financial innovations that emerge in more sophisticated and complete financial markets. Financial innovations in the form of new financial instruments, services, institutions, technologies, and markets mobilise financial surpluses from...

Persistent link: https://www.econbiz.de/10014215041

Does Promoting High Tech Products Spur Development?

Hunt, Julie; Tybout, James - 2001

In the past decade, contributors to the endogenous growth literature have identified a variety of ways that trade policy might affect long run growth. Among these, Lucas (1993) has argued that the mechanisms emphasized by Krugman (1987), Stokey (1988 and 1991) and Young (1991) provide an...

Persistent link: https://www.econbiz.de/10014215459

Praiseworthiness and Endogenous Growth

Levy, David M.; Rohac, Dalibor - 2008

This paper demonstrates that increasing returns to scale can be sustained when agents care about praiseworthiness of their conduct. Unlike the desire to attain approbation from external sources, the notion of praiseworthiness seems to have been neglected by contemporary economic literature. Yet...

Persistent link: https://www.econbiz.de/10014219335

Why will Technical Change not be Permanently Skill-Biased?

Crifo, Patricia; Lehmann, Etienne - 2013

resources were constantly directed towards the same sector, an innovation in a different sector would not be threatened by …

Persistent link: https://www.econbiz.de/10014219747

Optimal Growth with Endogenous Technical Progress : Hicksian Bias in a Macro Model

Sato, Ryuzo; Ramachandran, Rama - 2015

If productivity growth is endogenous, the question of whether to allocate some resources to increase the efficiency of capital needs to be examined in spite of the conventional wisdom that only Harrod-neutral technical progress is compatible with the steady state. This paper describes the...

Persistent link: https://www.econbiz.de/10014155312

To 'B' or Not to 'B' : A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model

Xie, Danyang - 2000

We study the welfare consequences of a government regulation that forces a patented equipment to be supplied by n independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the enhanced competition...

Persistent link: https://www.econbiz.de/10014162289

On Scale Effects, Market Power and Growth When Human and Technological Capital are Complements

Bucci, Alberto - 2003

In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the...

Persistent link: https://www.econbiz.de/10014131913

Satiation in an Evolutionary Model of Structural Economic Dynamics

Andersen, Esben Sloth - 2001

This paper presents the problem of satiation of consumption and technology in relation to a model of evolutionary endogenous growth. The model represents an attempt to provide an evolutionary economic micro foundation to Pasinetti's scheme of the structural economic dynamics of an economy that...

Persistent link: https://www.econbiz.de/10014137227

Transition to Clean Technology

Acemoglu, Daron; Akcigit, Ufuk; Hanley, Douglas; Kerr, … - 2014

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though … patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the …

Persistent link: https://www.econbiz.de/10014140031