We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which … balanced growth path. …

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

Growth theory has mainly focused on process innovation, either through an increase in quality of the product or a … reduction on the cost. The main contributions in growth theory that includes product innovation has been done in the Dixit and … the capacity to satisfy consumers’ needs. Growth in this model is defined as the growth of the final value added. …

We study a model of growth and mass production. Firms undertake either product innovations that introduce new luxury … and market size effects. The inequality–growth relationship depends on how mass production affects productivity; and on …

Local institutional and structural (meso) factors can play a role in mediating the returns to a macro-social policy. I … Social Development comprising all beneficiaries of Bolsa Familia, and a meso-level dataset containing information on economic …

Local institutional and structural (meso) factors can play a role in mediating the returns to a macro-social policy. I … Social Development comprising all beneficiaries of Bolsa Familia, and a meso-level dataset containing information on economic …

Local institutional and structural (meso) factors can play a role in mediating the returns to a macro-social policy. I …