We propose an endogenous growth model that incorporates the importance of business contacts and informal contacts. In …, which we understand as networks of informal contacts. Technological growth is driven by the replacement of contacts within …

A general equilibrium model has been constructed in a stochastic endogenous growth economy with the capital-labor ratio … capital stock per capita, the natural growth rate of population, and the exogenous level of government spending. Finally, it …

technologies with labor specialization are small, the growth pattern of this economy depends on worker expectations. In other words … invest in such capital, and, as a result, the economy can exhibit long-run growth. …

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

This paper presents an innovation driven endogenous growth model, where firms and unions bargain over wages. We find … unemployment for a given rate of economic growth. The increase in labor resources will in turn also yield faster growth rates in a …

Economic growth is driven by structural change. Structural change does not come without a cost, the most evident social … that the level of unemployment is different between the initial period and the long-run equilibrium growth path, and that …

We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two …

We introduce publicly funded education in R&D-based economic growth theory. The framework allows us to i) incorporate a … realistic process of human capital accumulation for industrialized countries, ii) reconcile R&D-based growth theory with the … empirical evidence on the relationship between economic prosperity and population growth, iii) revise the policy invariance …

technologies as one of major drivers for growth, especially in developing countries. However, while adopting a new technology … these features, the paper has employed a Nelson-Phelps catch-up equation in an AK growth model. This model presents some … of a productivity slowdown and nonmonotonic transition toward a balanced growth path, due to the adoption cost. The …

We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two …