A simple two-sector model of endogenous growth is constructed and it is shown that contrary to opportunity cost theory, less human capital is created during economic downturns for plausible values of the intertemporal elasticity of substitution.
We incorporate endogenous human capital accumulation into a scale-invariant Schumpeterian growth mod...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the ...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
The authors embed human capital-based endogenous growth into a New-Keynesian model with search and m...
Abstract: We embed skill obsolescence and endogenous growth into a New Keynesian model with search-a...
This draft presents a model of internally generated growth and effective demand. It is constructed w...
This paper sets up a two-sector growth model with sectoral hysteresis because of intersectoral facto...
We construct and estimate a model that features endogenous growth and technology diffusion. The spil...
This paper presents a model of endogenous growth in which the main engine of economic development is...
We construct and estimate an endogenous growth model with debt and equity financing frictions to und...
The purpose of this study is to examine existence of business fluctuations in a growth model of endo...
This paper introduces endogenous time distribution between work and leisure into a three-sector grow...
[[abstract]]This paper mainly shows that the indeterminacy of endogenous growth may exist even thoug...
This paper studies the transition from poverty to prosperity using a model of mul-tiple equilibria. ...
We incorporate endogenous human capital accumulation into a scale-invariant Schumpeterian growth mod...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the ...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
The authors embed human capital-based endogenous growth into a New-Keynesian model with search and m...
Abstract: We embed skill obsolescence and endogenous growth into a New Keynesian model with search-a...
This draft presents a model of internally generated growth and effective demand. It is constructed w...
This paper sets up a two-sector growth model with sectoral hysteresis because of intersectoral facto...
We construct and estimate a model that features endogenous growth and technology diffusion. The spil...
This paper presents a model of endogenous growth in which the main engine of economic development is...
We construct and estimate an endogenous growth model with debt and equity financing frictions to und...
The purpose of this study is to examine existence of business fluctuations in a growth model of endo...
This paper introduces endogenous time distribution between work and leisure into a three-sector grow...
[[abstract]]This paper mainly shows that the indeterminacy of endogenous growth may exist even thoug...
This paper studies the transition from poverty to prosperity using a model of mul-tiple equilibria. ...
We incorporate endogenous human capital accumulation into a scale-invariant Schumpeterian growth mod...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the ...
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