over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive … connection between accumulation regimes and growth. The standard model will be modified by means of the introduction of a non …, showing that a higher growth rate is possible only by means of a devaluate real exchange rate. The empirical results show a …

human welfare? Our welfare or utility index emphasizes education, knowledge, and the environment. We construct and calibrate … a multigenerational model with intertemporal links provided by education, physical capital, knowledge and the … Maximin) criterion, and, second, the Sustainable Growth Optimization criterion, that maximizes the utility of the first …

of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life …. We specify and calibrate a dynamic model with four intertemporal links: education, physical capital, knowledge and the … life (QuoL), emphasizes education, knowledge, and the environment, affected by greenhouse gas emissions, in addition to …

The purpose of this paper is to study the dynamics of growth and convergence in Spain for the period 1965-1995. We … counterfactual densities, we show that private capital accumulation and education at graduate level have an effect on the growth … estimates are controlled for all the other growth determinants. …

human welfare? Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We … construct and calibrate a multigenerational model with intertemporal links provided by education, physical capital, knowledge … growth. We apply these criteria to our calibrated model via a novel algorithm inspired by the turnpike property. The computed …

In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the … industrial structure affects the growth rate of the economy. If there is monopolistic competition only in an intermediate goods … sector, then production growth coincides with consumption growth. Moreover, the pattern of growth depends on the particular …

index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We calibrate a multigenerational … model with education, physical capital, knowledge and the environment. We reject discounted utilitarianism and adopt, first … generation subject to a given future rate of growth. The computed paths have a QuoL higher than the year 2000 level for all …

This paper examines interactions between education policy and growth. The analysis is carried out in an OLG model with …, increases the proportion of skilled individuals, and tends to promote growth. On the other hand, education spending crowds out … physical capital and reduces learning-by-doing. A marginal increase in the education subsidy can lower growth. It is yet shown …