This paper extends the standard neoclassical model by considering a technology sector through which an economy with limited human capital attempts to catch up with a given "locomotive" pushing exogenously technical progress. In periods of technological stagnation, economies close enough to the...

The genuine savings criterion and the value of population in an economy with endogenous fertility rate / Kenneth J. Arrow, Alain Bensoussan, Qi Feng, and Suresh P. Sethi -- Continuous time overlapping generations models / Hippolyte d'Albis and Emmanuelle Augeraud-Véron -- Modeling technological...

We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes relying on given threshold values for given...