Neoclassical Growth
The steady state growth conditions of neoclassical growth model and Uzawa theorem revisited
... steady-state growth theorem put forward by Uzawa’s (1961) (Uzawa theorem, thereafter) states that for a neoclassical growth model to exhibit steady-state equilibrium, it is required either for the ...
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The Transition from the Neoclassical Growth Model to Ecology
... economic growth like the neoclassical Solow-Swan model have adopted this kind of world ...the neoclassical growth model for its unquestionable impact and the dominant role it still plays in ...
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Cash in advance constraint with status in a neoclassical growth model
... one-sector neoclassical growth model and show that there exists a unique steady state that has saddle-path stability with- out specifying each ...money growth on capital ...
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Cash in Advance Constraint with Status in a Neoclassical Growth Model
... one-sector neoclassical growth model and show that there exists a unique steady state that has saddle-path stability without specifying each ...money growth on capital ...
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Stochastic delay differential neoclassical growth model
... In this paper, we consider the delay differential neoclassical growth model under a stochas- tic perturbation. This perturbation is of the white noise type that is directly proportional to the model state. ...
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Global exponential stability for a delay differential neoclassical growth model
... a neoclassical growth model and a productivity and pop- ulation growth model which are the generalization and development of the early works of Solow [] and Swan ...classical growth model is ...
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Discrimination and Inequality in an Integrated Walrasian-General-Equilibrium and Neoclassical-Growth Theory
... economic growth with discrimination by integrating the Walrasian general equilibrium theory and the neoclassical growth ...and neoclassical-growth theories in a unified ...tractable ...
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An extension to the neoclassical growth modelto Estimate Growth and Level Effects
... The neoclassical growth model was extended by Mankiw, Romer and Weil (1992) to estimate the level effects of additional factors like hu- man ...the growth effect of human capital, although small, is ...
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Economic Growth and Structural Change ? A Synthesis of the Walrasian General Equilibrium, Ricardian Distribution and Neoclassical Growth Theories
... economic growth model of structural change with heterogeneous ...and neoclassical growth ...economic growth theory with endogenous wealth ...economic growth and wealth and income ...
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Should the Neoclassical growth model include the saving flow in the Utility function?
... natural growth rate in that framework, the inevitable consequence is that the household is ‘condemned to poverty’ if marginal productivity of capital, as the unique driving force of the accumulation process, ...
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Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance
... Čím je vybavenost práce kapitálem vyšší, tím vyšší je výstup na obyvatele (postupně se však začnou projevovat klesající výnosy). V této situaci se stávají klíčovou proměnnou úspory, n[r] ...
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The effect of including the environment in the neoclassical growth model
... economic growth propose a direct positive relationship between growth and environmental ...that growth increases technological innovation requiring more R&D and changes the standards of living ...
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Theoretical Foundations of Africa’s Economic Transformation and Growth
... the growth in output per worker in the US from 1909 to 1949, and the remaining ...of growth in the United States stems from increased efficiency of production technological ...the neoclassical ...
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Higher Education, Real Income And Real Investment In The Selected OIC Members: Evidence From ARDL And Panel Data Approaches
... in growth theory was emphasized only in the 1980s and 1990s by endogenous growth models and the expanded neoclassical growth model of Mankiw, Romer and Weil (1992), ...expanded ...
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Monetary Expansion and Converging Speed in a Growing Economy
... the neoclassical growth ...the growth rate of ...rate, growth rate of income rises on the spot and diminishes slowly during the long ...
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Economic growth and institutions in developing countries: Panel evidence
... and growth in developing countries including East Asian ...using neoclassical growth framework augmented with institutional controls and latest estimation technique in panel data analysis, this study ...
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Growth and the pollution convergence hypothesis: A nonparametric approach
... a neoclassical growth model with optimal emissions reduction: pollution growth rates are posi- tively correlated with output growth (scale effect) but negatively correlated with emission ...
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Human capital: The history, measurement and impact on nations from an economic perspective
... of neoclassical growth theory, which used Solow's residual as a measure of technological progress equal to the difference between the rate of growth and output, failed to account for a HC framework ...
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Capital Formation in Monetary Growth Models: An Empirical Study of Selected Arab Countries
... achieve growth and reduce income ...on neoclassical monetary growth models through investigating the effect of monetary variables on capital formation, taking into account the role played by ...
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The impact of foreign direct investment in the Western Balkans
... economic growth models stemming from the basic Solow model of production function and developed later on by by , and ...economic growth in 25 countries of Central and Eastern Europe and the former Soviet ...
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