Aggregating per capita gross domestic product growth across countries has always been a technical problem due to complexities in the relative movements of exchange rates, economic output, and populations. As such, the conventional approach to aggregating growth across countries suffers from...

Within the context of an endogenous growth model, it is shown that in the presence of health risks which influence household income, the introduction of a private insurance company increases the long-term economic growth rate. The introduction of such an institution has two effects on savings: a...

This chapter is an exposition, rather than a survey, of the one-sector neoclassical growth model. It describes how the model is constructed as a simplified description of the real side of a growing capitalist economy that happens to be free of fluctuations in aggregate demand. Once that is done,...

Bureaucracy, unclear regulations, corruption, and favoritism of nationals in employment, create adverse conditions for both domestic and foreign investment in the Middle East and North Africa region. Entrepreneurs who want to operate in the region have to consider the level of restrictiveness in...

Stranding in an economy is caused, when a particular economic priority that is sought to be achieved by investing a resource, is not achieved and the assets created by the invested resource turn into stranded assets. The underlying technical change and the investment of resource should yield...

What determines demand elasticities and distortions across industries, acknowledging that firms’ demand and pricings are interdependent in input-output networks? I propose a modeling approach of competition in markups, which micro-founds demand elasticities and markups via “network Lerner...

We conduct Business Cycle Accounting analyses for both the Euro Area and the United States. If the observed changes in the factor income shares reflect the frictionless competitive adjustment of productive factors, then we find that the capital-efficiency wedge was the main force driving the...

We present a neo-classical model that explores the determinants of growth-inequality correlation and attempts to reconcile the seemingly conflicting evidence on the nature of the growth-inequality relationship. The initial distribution of human capital determines the long-run income distribution...

Cette introduction aux modèles de croissance endogène comporte trois parties. La première partie est consacrée aux caractéristiques de la croissance exogène, plus particulièrement au modèle de Solow et à ses développements. La seconde partie présente le modèle de Ramsey-Koopmans dans...

Productivity has rebounded in the last decade while manufacturing employment has declined sharply. The present study uses data on industrial output and employment to examine the sources of these trends. It finds that the productivity rebound since 1995 has been widespread, with approximately...