Keeping in view the importance of economic growth in a country’s development, this study intended to examine the relationship between the government size and other determinants on economic growth using a time series data over the period 1973-2012. To specify the growth equation, we have...

In questo lavoro si fornisce unabreve rassegna dei più recenti contributi teorici, sul legame tra distribuzione e crescita, basati sull’incompletezza dei mercati dei capitali Se i mercati dei capitali sono imperfetti e le decisioni individuali di investimento avvengono in condizioni di...

One important aspect of the resulting indebtedness in full-fledged market economies is the mutual influence between different economic sectors. Therefore, alongside the government indebtedness, one must take into account also the debts of private agents, especially of households and...

One important aspect of the resulting indebtedness in full-fledged market economies is the mutual influence between different economic sectors. Therefore, alongside the government indebtedness, one must take into account also the debts of private agents, especially of households and...

This paper explores the route by which aggregate shocks impact vintage capital distribution and aggregate employment by changing the fraction of plants that choose to adjust. Neutral technological shocks increase job reallocation and aggregate employment. The increasing adjustment hazard affects...

An information-based model is developed where traditional and digital advertising finance the provision of free media goods and affect price competition. The economy is not efficient. Media goods are under provided. Additionally, there is excessive advertising when ads cannot be perfectly...

Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise in skill since 1800, (iii) the demise of child labor...