Economic growth has traditionally been analyzed in the temporal domain, while the spatial dimension is captured by cross-country income differences. Data suggest great inequality in income per capita across countries, with a slight but noticeable increase over time (Acemoglu 2009). Seeking to...

On this, the 20th anniversary of the untimely death of Krishna Bharadwaj, I try to reconsider some theoretical aspects of her fundamental contributions to capital theory by showing how applicably relevant they are, in modern contexts. Krishna Bharadwaj had an admirable mastery of Sraffian...

Dans cet article, nous tentons d’évaluer les effets de la corruption sur la croissance, le bien-être et la pauvreté au Sénégal à l’aide d’un modèle d’équilibre général calculable dynamique. Les résultats de nos simulations montrent qu’une fuite de 10% d’investissements...

In a recent published paper, Bethmann analyzed a stylised Robinson Crusoe economy, defining the state-like and control-like variables and then introducing the value-function-like function. He claims in the final section, that even if the model can be solved explicitly, but with complicated...

The aim of this paper is to examine how inflation volatility affects economic growth in a small open economy. To reach this goal, a stochastic macroeconomic model with a financial sector and incomplete financial markets (due to the inclusion of jumps) is developed. It is assumed that the general...

We introduce a Ramsey growth model with incomplete markets, decentralized production, and idiosyncratic technological risk. The combination of uninsurable shocks with the precautionary motive can slow down capital accumulation or give rise to persistent fluctuations even when agents are very...

This chapter discusses the potential of the agent-based computational economics approach for the analysis of processes of innovation and technological change. It is argued that, on the one hand, several genuine properties of innovation processes make the possibilities offered by agent-based...

In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort, we...

Основным мотивом для написания данных "Дискуссионных материалов" является ознакомление читателя с теоретическими основами анализа продуктивности и...