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Growth theory and 'green growth' [PDF]
Oxford Review of Economic Policy, 2014 The relatively new and still amorphous concept of ‘green growth’ can be understood as a call for balancing longer-term investments in sustaining environmental wealth with nearer-term income growth to reduce poverty. We draw on a large body of economic theory available for providing insights on such balancing of income growth and environmental ...
S. Smulders, M. Toman, C. Withagen
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Evolutionary Growth Theory [PDF]
SSRN Electronic Journal, 2009 We begin by outlining competing stylised facts about economic growth and then set out the relations between structural change and aggregate productivity growth contingent on the evolution of the pattern of demand. We then introduce the concept of an industry level technical progress function and show how rates of technical progress are mutually ...
Metcalfe, J. Stan, Foster, John
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Theory of the growth of the firm
Revista Ibero-Americana de Estratégia, 2015 Penrose, E. The theory of the growth of the firm. White Plains, NY: M.E.
Nei Antonio Nunes +1 more
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SSRN Electronic Journal, 2021 ABSTRACT: The climate change crisis has gained unprecedented urgency in the most recent decade. Overall, climate change has already led to and will continuously lead to environmental tipping points and irreversible lock-ins that will decrease the overall productivity and common welfare. When taking a closer look at the macroeconomic growth prospects as
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Theory of Diffusion Controlled Growth [PDF]
Physical Review Letters, 2002 We expand upon a new theoretical framework for Diffusion Limited Aggregation and associated Dielectric Breakdown Models in two dimensions [R. C. Ball and E. Somfai, Phys. Rev. Lett. 89, 135503 (2002)]. Key steps are understanding how these models interrelate when the ultra-violet cut-off strategy is changed, the analogy with turbulence and the use of ...
Ellák Somfai, Robin C. Ball
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Growth Regressions and Economic Theory [PDF]
SSRN Electronic Journal, 2002 In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does not affect investment behavior.
Chris Elbers +3 more
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The Simplest Unified Growth Theory [PDF]
SSRN Electronic Journal, 2008 This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to the present-day and beyond. Making strict use of Malthus' (1798) so-called preventive check hypothesis that fertility rates vary inversely with the ...
Strulik, Holger, Weisdorf, Jacob Louis
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The Politicization of Growth Theory [PDF]
Kyklos, 2001 In this essay I review the main features of neoclassical growth theory, with an eye to seeing what it has to say about the causes of wealth and poverty among nations. I argue that outside the OECD and a comparatively small circle of other countries, neoclassical models contribute little to identifying the deeper sources of cross- national patterns in ...
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Are Any Growth Theories Robust? [PDF]
The Economic Journal, 2007 This article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that so-called fundamental growth theories play an important role in explaining aggregate growth.
Durlauf, Steven N. +5 more
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, 2022 In this paper, I presented a more profound solution than the previous solutions to Maxwell's demon paradox – which are circular solutions that reconstruct the paradox with some restrictive assumptions to confiscate certain working conditions on demon in order to fit the already challenged answer: they did not seriously solve the paradox, but rather ...
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