quantiles of consumption growth and asset returns, for which we find evidence from micro-level consumption data. The ``partial …" negative correlation accounts for the low correlation between consumption growth and asset returns, which is at the heart of …

Growth theory has mainly focused on process innovation, either through an increase in quality of the product or a … reduction on the cost. The main contributions in growth theory that includes product innovation has been done in the Dixit and … the capacity to satisfy consumers’ needs. Growth in this model is defined as the growth of the final value added. …

Growth theory has mainly focused on process innovation, either through an increase in quality of the product or a … reduction on the cost. The main contributions in growth theory that includes product innovation has been done in the Dixit and … the capacity to satisfy consumers’ needs. Growth in this model is defined as the growth of the final value added. …

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …

We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time … properties of these steady states are analyzed. The results are interpreted in light of the growth experiences of developing …