I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression … greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth. …

I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression … greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth. …

literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on structural and …, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional … translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social …

This paper presents a New Economic Geography model of structural change, agglomeration and growth. By assuming the same … dispersed to an urbanized regime. However, the introduction of capital accumulation and the dynamic setting of our model open … time. Second, the introduction of non-homotheticity introduces a new channel through which growth is affected by trade …

between primary and secondary sectors in the growth process. In the case of primary and tertiary sector services, though the …. However, results based on error correction model indicate a weak association between the sectors in the short run. Though the … missing for a relatively faster adjustment towards long run equilibrium rate of growth. …

China’s unbalanced growth strategy has seemingly fostered growing inter-regional growth disparities and there is little …-term fluctuations in economic growth, standard convergence tests, however, may be ill specified to detect underlying long-term growth … trends in small samples. Our paper suggests a novel approach to distinguish between long-term growth trends and short …

This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard … geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a …

This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard … geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …