This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is … inequality, raises the intensity of research activities and the growth rate of the economy. …

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …

In this paper, we study some of the properties of a discrete-time version of the two-class model of growth and …

The one-sector neoclassical growth model (Solow, 1956,RES) can generate only simple dynamics. The dynamic properties of … complex dynamic behaviour. We study some of the properties of a discrete-time version of the two-class model of growth and …

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …

This paper examines the growth and income distribution effects of inflation in a growing economy with heterogeneous … consumption spending, we show that a higher growth of monetary supply yields a negative impact on growth and an ambiguous effect … impacts on growth and distribution …

The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the … political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when … expenditures by altruistic agents, a negative relation between inequality and growth emerges in equilibrium. …

This article analyzes the relationship between growth and income distribution in developing countries. Three important … hypotheses are scrutinized: The U-hypothesis, the absolute income hypothesis and the hypothesis of conflict between growth and a …

Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …