, automation capital, and population growth. In the empirical analysis, we find indications for cointegrating equations for the … step, we present a standard neoclassical growth model augmented by automation capital and capital adjustment costs that is …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … income shares and in automation capital. Second, we analyze and calibrate a neoclassical growth model extended to include …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …

This note reexamines the growth effects of commodity taxation and a manufacturing subsidy. By incorporating endogenous …. Second, a small elasticity of substitution and a small manufacturing subsidy halt economic growth. Third, when the elasticity … of substitution is small and sustained growth is possible, a decrease in the subsidy raises the short-run growth rate and …

This paper examines the quantitative implications of government fiscal policy in a discrete-time one-sector growth … that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various …, a constant labor tax or subsidy has no effect on the qualitative nature of the model's dynamics. We show that the use of …

This paper examines the quantitative implications of government fiscal policy in a discrete-time one-sector growth … that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various …, a constant labor tax or subsidy has no effect on the qualitative nature of the model's dynamics. We show that the use of …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy …