expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new … dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new … dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new … dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new … dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of …

the impact of an unfunded public pension scheme on aggregate productivity growth and efficiency, it considers the …. The book emphasizes the endogenous growth paradigm for an understanding of the dynamic impact of intergenerational … exclusively linked to the possibility of endogenously evolving economic growth. The endogenous growth approach also allows to …

current GDP. The presence of capital-saving technical change is shown to imply that the economy's steady-state growth rate is …