This paper presents a complete analysis of a stochastic version of the Solow growth model in which all parameters are ergodic random variables. Applying random dynamical systems theory, we prove that the dynamics and, in particular, the long-run behavior is uniquely determined by a globally...

In this paper, we study the effect of financial markets on the investment of a two-good two-country economy with stochastic production in a dynamic framework. Each country produces and invests only one good and, therefore, makes decisions as a central planner in an optimal growth model. Trade...

This paper analyzes the dependence of average consumption on the saving rate in a one-sector neoclassical Solow growth model with pro-duction shocks and stochastic rates of population growth and depreciation where arbitrary ergodic processes are considered. We show that the long-run behavior of...

We develop an endogenous growth model with two sectors, manufacturing and non-manufacturing. The manufacturing sector is the source of the balanced productivity growth. We study how the economy responds to shifts in sector-specific productivity. Thus, when the sector-specific productivity in the...

I model the hypothesis that preferences evolve and permanent differences in individual attitudes towards work emerge between two countries characterized initially by identical preferences as a result of a period in which only one of the two countries is subject to regulations constraining labor...

Ce papier systimatise l'etude de l'existence d'un sentier de croissance optimale durable dans une economie dont les activites productives sont responsables d'emissions polluantes qui s'accumulent dans la nature et degradent le bien-etre des individus. Nous cherchons donc a identifier les...

We study the differentiability of order k greater than or equal to 1 of optimal trajectories of dynamic economic models with respect various parameters like initial stock, discount rate, ... We use the framework of Babach spaces of sequences and we use Differential Calculus on operators between...

In this paper we propose a unifying approach to study optimal growth models with bounded or unbounded returns. We prove existence of optimal solutions. We prove also, without using contraction method, that the value function is the unique solution to the Bellman equation in some classes of...

Cet article se propose d'examiner de maniere detaillee les productivites du travail au niveau sectoriel et agrege pour les regions francaises sur la decennie 80. Empruntant aux travaux inities par Baumol, suivis par Barro et Sala-i-Martin notamment, elle enrichit ces derniers en mettant l'accent...

The attitude of future generations towards environmental assets could be different from ours, and it is necessary to take into account explicitly this possibility in the current debate about environmental policy. The question we address here is : should uncertainty about future preferences lead...