Endogenous growth theory, however ... new knowledge as a side effect of that investment in K. Thus, in Arrow's model, increases in A are free as no one directly pays for them.

Endogenous growth theory is a fine example of that ... Encouraging entrepreneurship also has the added benefit of prompting job creation and further investment. “Romer built a formal economic model in ...

In this paper, we develop an endogenous growth model with two countries in which the international trade of differentiated goods requires trade costs and equilibrium wages in the two countries are ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper develops an endogenous growth model of the influence of public ...

The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can ...

Annals of Economics and Statistics, No. 155 (September 2024), pp. 3-44 (42 pages) We formalize inter-sectoral knowledge diffusion in a standard fully endogenous Schumpeterian growth model. Each sector ...

In this paper, we study the continuous time Uzawa-Lucas growth model with physical and human capital accumulation, and study the relationship between economic growth and wealth inequality. Human ...