It is shown here that the Solow (1956) neo-classical growth paradigm not only explains the ¡°first¡± stylised fact of economic growth, namely the existence of a globally stable state of balanced growth, but, once endowed with a demographically founded formulation of the labour supply, is...

Compared to other factors, the role of the age distribution of the population as a key endogenous determinant of economic growth trajectories has traditionally been overlooked. This is unrealistic, especially when dealing with major epochs of structural change, such as demographic transitions....

Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.

The paper investigates the role of progressive income taxation in the frame of the basic multiplier-accelerator model in continuous time. It is shown that, while proportional taxation is, as common wisdom believes, always stabilizing, in the case of non-linear progressive taxation, an increase...

A common belief of mainstream economics as well as underpinning government policy is that the more flexible real wage is, the lower is unemployment. In this paper we study the dynamics of a standard neoclassical labour market under the simplest Walrasian adjustment rule. We show that when...

The issue of the onset of Malthusian cycles is investigated by means of a demo-economic model incorporating the age structure of the population. It is shown that the delayed recruitment into the labour force is a major source of demo-economic instability, potentially leading to sustained...

This paper offers a unified perspective of the analytical detection of Hopf bifurcation, which is a crucial tool in dynamic economic modelling. We clarify the relations between stability theorems and the notions of Simple and General Hopf Bifurcations. A Lienard-Chipart-type theorem for...